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SEC Action Against Coinbase Would Be Bad for America, CEO Armstrong Warns

The SEC recently gave Coinbase official notice that the San Francisco-based company is under investigation for its Earn product, wallet service and exchange activity. 

“A Wells Notice at this stage, when there is not a clear rulebook, is not constructive and it's not good for America,” Armstrong said in a new video alongside Chief Legal Officer Paul Grewal. “We are prepared to defend that position in court. But it doesn't have to come to that. We welcome a true dialogue about a workable path forward for our industry.”

SEC Coinbase Brian Armstrong
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