From Cointelegraph: 2024-05-11 00:45:41

The US SEC accuses Coinbase of misleading investors with Lend program. They sent a Wells notice to the company, signaling a potential lawsuit. Coinbase responds by claiming the SEC has past precedent for similar programs, and is defending itself. The Wells notice is a warning, not a formal accusation.

Read more at Cointelegraph: SEC insists that Coinbase ‘just does not like the answer’