After clashing with the U.S. securities regulator on its proposed Lend feature, Coinbase is now working on regulatory proposals for the digital currency industry.
Coinbase has been served with a Wells notice, a formal letter sent by the SEC to notify people or firms that it has concluded they are in violation of securities laws and is intending to bring an enforcement action against them.
Coinbase has announced that its ticker symbol will be $COIN. Shares of $COIN are currently trading at $375 in the private market.
Could new regulations require Bitcoin and other digital asset transactions to be sent only to ID-verified wallets? That's what Coinbase CEO Brian Armstrong appeared to suggest.
CEO Brian Armstrong said Coinbase would focus only on its core mission of developing the digital currency sector and infrastructure.