Coinbase calls out SEC after threat to sue over cryptocurrency lending product

7/ Look….we’re committed to following the law.

Sometimes the law is unclear.

He added that the SEC refused to share its concerns or legal assessment of the Lend program.

“A healthy regulatory relationship should never leave the industry in that kind of bind without explanation.”

Coinbaseannounced plans for Lendin June, allowing customers to pre-enroll in the program.

In July, New Jersey orderedcrypto platform BlockFi to stop offering interest-bearing accounts, Reuters reported.

Coinbase plans to delay the launch of its Lend product until at least October.