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US govt threatens to sue Coinbase over new product 'Lend' launch
short by Aishwarya Awasthi / on Wednesday, 8 September, 2021
The US SEC has threatened to sue crypto exchange Coinbase if it goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets. The exchange was issued a Wells notice and will delay the launch of its 'Lend' product until at least October. It has said the SEC considers Lend "to involve a security".
read more at Reuters