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Coinbase Accuses SEC of ‘Sketchy Behavior’ After Threat to Sue

  • Coinbase says it received a Wells notice from the SEC
  • The company had been planning to launch a new lending product
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WATCH: Coinbase CEO Brian Armstrong calls out the SEC.Markets: European Close.” (Source: Bloomberg)

Coinbase Global Inc.’s chief executive officer blasted the Securities and Exchange Commission for “really sketchy behavior” after the company received a warning that regulators plan to sue. 

In a Twitter thread, CEO Brian Armstrong said the SEC would be creating an unfair market if it tries to shut down its new lending product, which would allow consumers to earn interest on their crypto holdings.