Coinbase chief legal officer questions whether SEC followed Wells notification process

PANews reported on May 14 that Coinbase’s Chief Legal Officer Paul Grewal commented on Twitter, expressing concerns about the Wells Notice process of the U.S. Securities and Exchange Commission (SEC) in handling the Coinbase case. Grewal noted that the SEC did not provide a "thick explanation" of the specific assets involved in the alleged securities transactions in their case and did not follow its typical Wells process, an unusual approach that raises questions about the legality and transparency of the SEC's charges. doubt.