Coinbase is embroiled in two separate cases with the Securities and Exchange Commission, but you wouldn’t know it by the calm demeanor of the company's chief legal officer.
The SEC issued a Wells Notice to the company in March, warning that it could potentially sue Coinbase, which then filed a lawsuit against the agency to try to force it to take a stand on whether it would set clear rules for the crypto industry. In June, the SEC followed through on its notice, suing Coinbase for allegedly operating as an unregistered securities exchange, broker, and clearing agency. The company has rejected this claim.
