Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure.
Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure
3/23/2023
Reuters reports: The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase.
The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn, Prime and Wallet products, the company said.
On the same day, The US Securities and Exchange Commission (SEC) has filed charges against Justin Sun, the founder of cryptocurrency Tron, and eight celebrity backers of the project, including Lindsay Lohan, Jake Paul, and Soulja Boy. Sun is accused of manipulating the trading of Tronix and BitTorrent tokens, creating the appearance of active trading when it did not exist, and of inducing investors to purchase the tokens by orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that they were paid to tweet. All except for Soulja Boy and musician Austin Mahone agreed to pay a collective $400,000 to settle the charges.
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