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Coinbase Probe Shows SEC Game To Play Hardball On Crypto

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By Dean Seal (September 10, 2021, 10:07 PM EDT) — The revelation that the U.S. Securities and Trade Fee is ready to take authorized motion over Coinbase’s deliberate crypto lending program additional dims the cryptocurrency trade’s already dwindling hopes for a softer contact from the regulator.

The biggest U.S. cryptocurrency change not too long ago disclosed — first in a trenchant weblog publish by its chief authorized officer and a Twitter rant from its CEO, after which a regulatory submitting the following day — that it has obtained a Wells discover from the SEC. The discover involved Coinbase’s deliberate service, known as Lend, to let prospects lend their holdings of cryptocurrency pegged to the U.S. greenback,…

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