beSpacific#SEC said it plans to #sue #Coinbase [#EnforcementAction]. The warning marks the latest phase in a long-running dispute between the SEC and the #digitalasset firm over its listed #tokens. Coinbase said in a filing that it received a #WellsNotice from the SEC on Wednesday announcing a “preliminary determination” to file an enforcement action against the #crypto firm. #CryptoExchange #regulations ##regulatory https://www.bloomberg.com/news/articles/2023-03-22/coinbase-coin-gets-sec-wells-notice-over-crypto-offerings#xj4y7vzkg
Coinbase Gets SEC Notice Signaling Intent to Sue Over Crypto Offerings
Coinbase Global Inc. said it received a notice from the SEC formally declaring the securities regulator’s plans to bring an enforcement action against the largest US crypto exchange, the latest development in a long-running dispute between the watchdog and the digital-asset company. The stock slumped as much as 14% in premarket trading on Thursday.