Coinbase Drops Plans To Launch Crypto-Lending Platform; SEC ‘Wins’?

Read more on this subject: SEC-Securities Exchange Commission
News Story Source: by Tyler Durden
As a reminder, Armstrong noted "some really sketchy behavior coming out of the SEC recently," as he revealed that the securities regulator had threatened to sue over the crypto exchange's new lending program.

7/ Look….we're committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it's nice if you actually enforce it evenly across the industry equally btw).
— Brian Armstrong (@brian_armstrong) September 8, 2021

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