Coinbase could face SEC enforcement action for ‘potential violations of securities law’ By Cointelegraph

Crypto exchange Coinbase (NASDAQ:) said it has received a Wells notice from the United States Securities and Exchange Commission recommending the regulator take enforcement action.

In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking program, Coinbase Earn; listed digital assets; its wallet; or Coinbase Prime services. A Wells notice letter typically warns a company that the SEC may follow with an enforcement action, but Coinbase provided no details other than “possible violations of securities laws.”