09-24-2021, 10:20 AM
The SEC bullied coinbase into dropping their 4% interest lending product. At least A
<!-- SC_OFF --><div class="md"><p>Coinbase will not be launching its crypto lending product called Lend after the Securities and Exchange Commission threatened to sue the crypto exchange. The SEC sent the company a Wells notice that indicated it would sue the company if it launched the product. Lend allows users to lend their crypto holdings back to the exchange for higher interest rates than traditional savings accounts offer.</p> <p>source; <a href="https://techcrunch.com/2021/09/20/following-sec-lawsuit-threat-coinbase-cancels-launch-of-lend-product/"><em>Following SEC lawsuit threat, Coinbase cancels launch of ‘Lend’ product</em></a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Acceptable-Sort-8429"> /u/Acceptable-Sort-8429 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ptvqp1/the_sec_bullied_coinbase_into_dropping_their_4/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ptvqp1/the_sec_bullied_coinbase_into_dropping_their_4/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Coinbase will not be launching its crypto lending product called Lend after the Securities and Exchange Commission threatened to sue the crypto exchange. The SEC sent the company a Wells notice that indicated it would sue the company if it launched the product. Lend allows users to lend their crypto holdings back to the exchange for higher interest rates than traditional savings accounts offer.</p> <p>source; <a href="https://techcrunch.com/2021/09/20/following-sec-lawsuit-threat-coinbase-cancels-launch-of-lend-product/"><em>Following SEC lawsuit threat, Coinbase cancels launch of ‘Lend’ product</em></a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Acceptable-Sort-8429"> /u/Acceptable-Sort-8429 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ptvqp1/the_sec_bullied_coinbase_into_dropping_their_4/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ptvqp1/the_sec_bullied_coinbase_into_dropping_their_4/">[comments]</a></span>Kind Regards R