Home Coinbase Coinbase CEO Accuses SEC of Using ‘Intimidation Tactics’ to Regulate Crypto

Coinbase CEO Accuses SEC of Using ‘Intimidation Tactics’ to Regulate Crypto

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Coinbase CEO Brian Armstrong accused the U.S. Securities and Alternate Fee of “partaking in intimidation ways behind closed doorways” on Twitter after it blocked the launch of the corporate’s Lend program with out rationalization.

Lend is meant to offer a platform by way of which USD Coin house owners can, effectively, lend their cryptocurrency to different folks in alternate for a 4 p.c Annual Proportion Yield (APY). Coinbase would assure the principal on any loans and make sure the lent USD Coin is simply going to “verified debtors” in a lot of the U.S.




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