Coinbase Lend Faces Backlash With The SEC

Bitcoin alternate Coinbase’s new Lend program is going through robust opposition from the U.S. Securities and Change Fee (SEC), which referred to as the product a securities providing. Coinbase Leader Felony Officer Paul Grewal revealed a weblog put up nowadays announcing that the SEC will sue the corporate if it launches Lend, claiming the regulatory company lacks readability. The placement was once additionally defined by way of Coinbase CEO Brian Armstrong in a long Twitter thread, highlighting the corporate’s insurance policies and the back-and-forth conversation with the SEC.

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