The Securities and Exchange Commission has told Coinbase that it plans to take enforcement action against the company, escalating its crackdown on digital-currency firms by targeting the biggest U.S. crypto exchange
The Securities and Exchange Commission has told Coinbase Global Inc. that it plans to take enforcement action against the company, escalating itsby targeting the biggest U.S. crypto exchange, Coinbase said Wednesday.
Coinbase said it had received a letter from the SEC known as a Wells notice, in which regulators say they believe companies or individuals violated investor-protection laws. The notices aren’t final because the agency’s commissioners must authorize any lawsuits or enforcement settlements.
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