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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SEC threatens to sue Coinbase over staking, more
"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.
