Coinbase CEO boldly responds to SEC's Wells Notice.

Coinbase CEO, Brian Armstrong, responded firmly to the SEC Wells notice issued against the crypto company, stating that they are the same company as two years ago when the SEC approved their operations and going public. Armstrong said that Coinbase is willing and committed to working within the regulatory perimeter and would like to see a clear market structure for trading crypto securities. He concluded by saying that a Wells notice from the SEC is not constructive and is not good for America, and they are prepared to defend their position in court if necessary.