SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations – Regulation Bitcoin News

The U.S. Securities and Exchange Commission has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.'” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an enforcement action.

“A Wells notice typically precedes an enforcement action,” said Coinbase CEO Brian Armstrong on Twitter. “Two years ago the SEC reviewed our business in detail and approved Coinbase to go public. Our S1 [filing] clearly explained our asset listing process and included 57 references to staking,” the executive described.with the securities watchdog.

Noting that “Coinbase has a rigorous process to analyze and review each digital asset before making it available on our exchange — a process that we shared in detail with the SEC as part of our public listing,” the exchange concluded:

Why would anyone building out crypto spend a single second wanting to be in the American system.

Take it to SCOTUS, coinbase, don’t be bullied! Help is on the way! Trump!

It sounds like SEC gave them the guideline 30times before this.. they just didnt want to listen.. good bye scam coins!!

Sec is a joke

haha now Coinbase

When we see the following news this morning . It means that the trap is prepared. The alligators are awaiting fresh meat from immature investors. The Bitcoin is down 5% right now. AWAY from Bitcoin

Coinbase wasn't finish being sealed off as a trustworthy site. its designers wasn't finished designing it because the never ending harrasments of crypto begging and non social mutuals asking for money.the designer new coinbase was it's core strength for such a site so designed to

wluna here we go bankrupt

false

Interesting 🧐

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Coinbase gets Wells notice from U.S. SEC over Earn product, walletCoinbase Global Inc said on Wednesday it had received a notice from the U.S. Securities and Exchange Commission warning that the cryptocurrency exchange could face a civil action over some of its products. Why hasn't coinbase returned money spent Walmart delivery using the CB card on groceries that ended up being out of stock nearly three months ago? If we can't trust CB with grocery money, can we trust them with our portfolio?
Source: Reuters - 🏆 2. / 97 Read more »