COINBASE WARNED OF POTENTIAL U.S. SECURITIES CHARGES On Wednesday, the largest U.S. crypto exchange announced it received a Wells notice from the SEC, warning the company that it identified potential violations of U.S. securities law. A Wells notice is typically one of the final steps before the agency formally issues charges. “Based on discussions with the staff, the company believes these potential enforcement actions would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet,” Coinbase said in a regulatory filing. “The potential civil action may seek injunctive relief, disgorgement and civil penalties.” The exchange added its offerings would operate as usual for now. |