Coinbase responds to the accusations of the regulator and threatens it with reputational risks

Leading American cryptocurrency exchange Coinbase answered to the notice that was received by the company from the US Securities and Exchange Commission (SEC) at the end of March. It said that the regulator considers the provision of Coinbase Earn services on the Coinbase Prime and Coinbase Wallet platforms as illegal trading in unregistered securities. We are talking about the so-called “Wells Notice” – a formal letter from the SEC, in which recipients are informed that the agency is preparing to initiate legal proceedings against them. Coinbase urged the regulator not to take enforcement action against the company for the sake