„They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase.
The United States Securities and Exchange Commission (SEC) has reportedly threatened to sue Coinbase over a crypto yield program it deems as a security.Coinbase CEO Brian Armstrong tweeted on Sept. 8 that has been some “really sketchy behavior coming out of the SEC recently” before launching into a 21 post thread detailing the SEC’s dealings with the firm. Armstrong explained that the crypto exchange approached the SEC earlier this year to brief the enforcement body over the up-and-coming Coinbase Lend program that intends to offer 4% annual yield returns on deposits of the USDC stablecoin. According to the Coinbase CEO, the SEC responded by telling the firm that the lending program is a security without any explanation, and threate

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Źródło: https://cointelegraph.com/news/sec-threatens-to-sue-coinbase-over-crypto-yield-program-it-considers-a-security