Last week, the crypto exchange publicly refused to launch the Lend lending service due to the threat of litigation with the US Securities and Exchange Commission.
Coinbase, the largest cryptocurrency exchange in the United States, will submit proposals to the federal authorities to regulate the crypto market, according to Coindesk .
According to the publication, the trading platform is now preparing initiatives to create a regulatory framework for the Crypto asset industry and will publish them in the coming days.
On September 17, it became known that Coinbase refused to launch the Lend lending service due to pressure from the US Securities and Exchange Commission (SEC).
In early September, the regulator threatened the crypto exchange Coinbase with litigation if the lending platform was launched, since it classified the loans as unregistered securities.
On September 20, Coinbase announced the launch of the Coinbase Prime investor platform, which has been in beta testing since May this year. Now the service can be used by all users.