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The company said Wednesday evening that it received a Wells notice from the SEC — a formal communique alerting a recipient of possible enforcement action. Coinbase said the Wells notice touched on aspects of its exchange, its staking service called Earn, and its non-custodial wallet following an SEC investigation it described as "cursory."
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"We are prepared for this disappointing outcome and confident in the legality of our assets and services," Paul Grewal, chief legal officer, said in a statement.
https://www.axios.com/2023/03/22/sec-sue-coinbase-staking-wells-notice?stream=top
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