The Securities and Exchange Commission (SEC) gave a "Wells Notice" to cryptocurrency exchange Coinbase.
The SEC expects to pursue enforcement action against the largest US cryptocurrency exchange, according to the notice, which was received on March 22. The SEC ruling puts an end to a long-running dispute with Coinbase.
According to information published on the Coinbase website, the notification was accepted in connection with an unspecified portion of the listed digital assets, as well as Coinbase Earn, Coinbase Prime, and Coinbase Wallet services.
In reaction to the SEC's activities, Coinbase stated that they were prepared to go through a legal procedure to clarify the matter and demonstrate the SEC's incompetence when it comes to digital assets.
The Bitcoin exchange verified that it will continue to provide services as usual and without limitations.
