Coinbase 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.
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.A Wells notice shows that SEC staff intend to recommend enforcement action against the company, but it does not always result in charges or signal that the recipient has violated any law.
The potential enforcement actions would be tied to aspects of the company's spot market, its Coinbase Earn, Coinbase Prime and Coinbase Wallet products, it said.Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath
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