Coinbase Warns SEC It Will ‘Exhaust All Avenues’ If Sued
- Tells regulator it would be a ‘well-resourced adversary’
- Comes same week Coinbase sued over rulemaking petition
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Coinbase Global Inc. is making a last-ditch effort to dissuade the SEC from suing the firm, including sending a not-so-subtle reminder that it won’t be easy to take down.
In a lengthy response to the Securities and Exchange Commission’s March Wells notice — which signaled the agency’s plans to bring an enforcement action — the company said that it would be “a well-resourced adversary that will necessarily be motivated to exhaust all avenues.”