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Coinbase says the SEC threatened legal action if the exchange goes ahead with plans to launch a lending program

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photo U.S. Securities and Exchange Commission Chair Gary Gensler

the staff of the Ridgewood blog

Washington DC, the US Securities and Exchange Commission intends to take legal action against Coinbase if the exchange follows through with plans to launch Lend, a program that would allow users to earn interest on lended assets, the company revealed late Tuesday.

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