Coinbase has urged the SEC not to pursue enforcement action against the business over the Wells Notice it received in March. The cryptocurrency exchange warned that if the commission does pursue the matter, it will face a well-resourced ad-ver-sary that will exhaust all avenues. Coinbase is currently in a dispute with the SEC over whether its listed digital assets are securities. Despite its public assertion that it does not list securities, SEC Chair Gary Gensler has said that most crypto tokens are securities. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal have sold portions of their holdings in the exchange in the past two months.

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