News Explorer — Coinbase Receives SEC Wells Notice Over Staking Rewards

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Mar 22, 9:31 pm

Decrypt

Coinbase Receives SEC Wells Notice Over Staking Rewards

Coinbase received a Wells Notice from the SEC on Wednesday, alleging that its staking products constitute unregistered securities. The SEC has been in conversations with Coinbase about regulatory and policy matters for months, and the company submitted a letter to the SEC on Monday, calling for rule-making clarity regarding staking. Coinbase CEO Brian Armstrong has said that if threatened by regulators, the company would shut down its staking services.

Coinbase received a Wells Notice from the SEC on Wednesday, alleging that its staking products constitute unregistered securities. The SEC has been in conversations with Coinbase about regulatory and policy matters for months, and the company submitted a letter to the SEC on Monday, calling for rule-making clarity regarding staking. Coinbase CEO Brian Armstrong has said that if threatened by regulators, the company would shut down its staking services.

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