Wells notice for Coinbase from the SEC

The US Securities and Exchange Commission (SEC) has issued a Wells notice to Coinbase, a leading cryptocurrency exchange, warning the company that it has identified potential violations of US securities laws. This warning is the second issued by the SEC to a cryptocurrency entity, following the notice issued in February to stablecoin issuer Paxos. Securities and Exchange Commission (SEC) vs Coinbase exchange The Wells notice is a legal document informing the recipient that the SEC is considering taking enforcement action against it. It is not a formal allegation of wrongdoing, but indicates that the SEC has conducted an investigation and