Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

Coinbase Receives SEC ÍøÆØ³Ô¹Ïlls Notice Regarding Intent to File Suit Over Crypto Offerings

Posted on March 30th, 2023 at 1:20 PM
Coinbase Receives SEC ÍøÆØ³Ô¹Ïlls Notice Regarding Intent to File Suit Over Crypto Offerings

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

Coinbase Global announced that it has received a ÍøÆØ³Ô¹Ïlls Notice from the Securities and Exchange Commission (SEC) declaring the regulator’s intent to file an enforcement action against the cryptocurrency exchange.

SEC Chairman Gary Gensler repeatedly has taken the position that numerous tokens and products currently offered by cryptocurrency companies constitute securities that must be registered with the regulator. Coinbase announced that the notice implicates certain parts of its exchange as well as the staking service Coinbase Earn and Coinbase Wallet. A ÍøÆØ³Ô¹Ïlls Notice provides an opportunity to rebut the SEC’s accusations.

Coinbase announced that its products and services will continue to operate as usual for now, according to Paul Grewal, chief legal officer of Coinbase. Coinbase has maintained the position that its tokens and products do not constitute securities. Coinbase previously received a ÍøÆØ³Ô¹Ïlls Notice in 2021 when the SEC warned the company that its proposed “Lend” product, which would have permitted users to earn interest by lending out their cryptocurrency holdings, constituted security. Coinbase subsequently abandoned the launch of its “Lend” product.

 

ÍøÆØ³Ô¹Ï LLC represents financial advisors and investors nationwide in securities, employment, transition, regulatory and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Hiring ÍøÆØ³Ô¹Ï has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with ÍøÆØ³Ô¹Ï. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

1783434190 Law
July 7, 2026
Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.