By Dean Seal (September 24, 2021, 8:47 PM EDT) — Coinbase’s cancellation of a deliberate cryptocurrency lending program over threatened litigation from the U.S. Securities and Trade Fee is simply the most recent and most conspicuous episode in a wider regulatory crackdown on interest-earning crypto merchandise.
The biggest U.S. cryptocurrency alternate quietly referred to as off its proposed Lend program roughly two weeks after Coinbase executives claimed in on-line posts that the federal securities regulator had expressed considerations about this system — which might have let clients lend out their holdings of cryptocurrency pegged to the U.S. greenback in alternate for 4% curiosity — implicating securities legal guidelines.
The SEC despatched discover that it supposed…
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