Coinbase (NASDAQ: COIN) has been planning to launch a lending product called Coinbase Lend for months. Coinbase shared that the SEC had issued a Wells notice (an intent to sue) to the company over the Coinbase Lend program, alleging the product constitutes a security and needs to register as such. Coinbase thinks the SEC is way off base, and management hasn't been afraid to let the public know as much.
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