Coinbase Wells Notice: SEC prepping enforcement action for securities violations

Reported by Steven Stradbrooke Coinbase (NASDAQ: COIN) says it has been warned by the U.S. Securities and Exchange Commission (SEC) to expect imminent legal action for violating federal securities laws. On Wednesday, Coinbase disclosed that it had received a Wells notice from SEC staff regarding a “preliminary determination” that the regulator should “file an enforcement action” against the digital asset […]