Following SEC lawsuit threat, Coinbase cancels launch of ‘Lend’ product

Coinbase efforts to play hardball with the Securities and Exchange Commission didn’t last too long. The cryptocurrency exchange had garnered the ire of the regulatory commission over its plans to launch a crypto lending product, with the SEC sending the company a Wells notice which indicated that the agency would sue Coinbase if they launched. Learn more about your ad choices. Visit podcastchoices.com/adchoices