Coinbase Goes Nuclear After SEC Threatens to Sue Over Crypto Loans

Coinbase Goes Nuclear After SEC Threatens to Sue Over Crypto Loans

3 years ago
Anonymous $drS9DEX_Sj

https://www.vice.com/en_us/article/4ave5j/coinbase-goes-nuclear-after-sec-threatens-to-sue-over-crypto-loans

Coinbase, the largest cryptocurrency exchange based in the US, has gone public with a regulatory fight over a plan to offer high-yield cryptocurrency loans that the Securities and Exchange Commission threatened to sue over if the exchange launched the product. 

The cryptocurrency loans industry is booming, with billions of dollars of value locked up in the crypto-equivalent of savings accounts that offer much higher yield than you might find at any bank, and in recent months regulators have started circling.