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Coinbase Will Not Launch "Lend" Product, Weeks After .
In brief. Coinbase has canceled plans to launch Lend, a product that would provide 4% interest on USDC holdings. Earlier this month, Coinbase said that the SEC threatened to sue the firm if it launched the product. Cryptocurrency exchange Coinbase has canceled plans to launch Lend, a product designed to deliver high-interest returns on USDC stablecoin holdings.
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The regulatory body argued that Lend would deal with securities, and would therefore be regulated as an investment product. Earlier in September, Coinbase’s CEO posted a thread on Twitter .
C ryptocurrency exchange platform Coinbase has tossed out plans to start a lending product after pressure from the Securities and Exchange Commission. Coinbase didn’t broadcast its surrender to the.
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They also indicated to Coinbase that the Lend product did indeed involve a security. Coinbase, which has made the fact that it coordinates closely with the regulatory bodies part of its brand, had.
Coinbase quietly scraps 'Lend' product after SEC dustup
Following SEC lawsuit threat, Coinbase cancels launch of .
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Coinbase quietly scraps 'Lend' product after SEC dustup .
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The U.S.’s biggest cryptocurrency exchange said it received a Wells notice saying the agency will bring an enforcement action if the company goes ahead with its Lend product. Coinbase expressed.
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Coinbase Gets Wells Notice From the SEC on Lend Product .
U.S.-based cryptocurrency exchange Coinbase says the Securities and Exchange Commission (SEC) has threatened to sue over its yet-to-be-launched “Lend” program. Coinbase said it had been in.
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Coinbase Will Not Launch “Lend” Product, Weeks After Receiving Wells Notice From the SEC Parker Doyle September 22, 2021 Coinbase has decided not to launch its Lend product after the SEC declared.
Coinbase Drops Lend Product Plans After SEC Lawsuit Threat .
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C ryptocurrency exchange platform Coinbase has tossed out plans to start a lending product after pressure from the Securities and Exchange Commission. Coinbase didn’t broadcast its surrender to the.