Coinbase has received a Wells Notice from the US SEC, with a focus on staking and asset listing.

On March 23, according to BlockBeats news, Coinbase co-founder and CEO Brian Armstrong announced that the company has received a "Wells Notice" from the US Securities and Exchange Commission (SEC), with a focus on its staking services and asset listings. Coinbase will continue to work with all official and regulatory bodies around the world to develop clear rules for regulating the cryptocurrency industry. According to sources, the SEC has made a "preliminary decision" and has recommended action against Coinbase. Potential civil litigation may involve injunction requests, cease-and-desist orders, or civil fines. BlockBeats note: A "Wells Notice" is an informal reminder issued by the SEC to a publicly traded company before civil litigation, and companies that receive such notices can communicate and negotiate with the SEC before formal litigation is initiated. According to US law, when a company receives a "Wells Notice," the SEC officially initiates a set of investigation and appeal procedures, which are also known as the Wells process.