U.S. markets regulator takes aim at Coinbase lending product

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The U.S. markets regulator SEC has threatened to sue Coinbase if it goes ahead with its program called ‘Lend,’ that allows users to earn interest by lending crypto assets, the company said

that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said.

The executive's remarks provide a glimpse into the rising tension between the crypto industry and regulators, which have been ratcheting up scrutiny of a world that has so far existed in a regulatory gray area.

 

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