Coinbase has received a Wells notice from the SEC, stating that it may have violated securities laws

2023-03-23 07:55:28

Collection

ChainCatcher news, according to official sources, Coinbase has stated that it has received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC), concerning certain digital assets listed on Coinbase, the staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.

Coinbase indicated that the Wells Notice did not provide much information. SEC staff merely stated that they had found potential violations of securities laws. Coinbase requested the SEC to specify which assets listed on its platform might be considered securities, but the SEC refused. Before the SEC issued the notice today, Coinbase had provided several registration suggestions to the SEC over the past few months, but the SEC ultimately declined to respond.

Subsequently, Coinbase CEO Brian Armstrong tweeted, "Coinbase is legally right, confident in the facts, and willing to go to court to prove the SEC's unfairness and unreasonableness regarding digital assets."

According to previous news, the SEC has charged Sun Yuchen and his three wholly-owned companies, alleging illegal sales of securities and market manipulation. (Source link)

Related tags

Coinbase SEC Wells staking

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.