Crypto Community Rallies Behind Coinbase Amid SEC Wells Notice

• The crypto community supports Coinbase following Wells Notice from the SEC.
• Notably, Polygon Co-Founders Sandeep Nailwal and Jynti Kanani publicly declared their support for Coinbase.
• Some netizens took the opportunity to criticize Coinbase’s asset review policy and their decision to delist XRP.

Following the disclosure of the SEC’s Wells notice, the cryptocurrency community has come out in support of Coinbase. Paul Grewal and Brian Armstrong of Coinbase tweeted threads about the issue. The majority of the community is in support of Coinbase, but some internet users have voiced their complaints about the business.

Notably, two of Polygon’s Co-Founders Sandeep Nailwal and Jynti Kanani shared their support for Coinbase on Twitter. Nailwal noted that Coinbase was the gold standard of compliance in the crypto space, emphasizing the SEC’s seemingly redundant actions. Meanwhile, Kanani expressed his heavy support for Coinbase and the entire crypto industry.

Coinbase has spent an extraordinary amount of time and resources working in good faith to seek regulatory clarity from the SEC.

The idea that they'd be rewarded with nothing but a Wells notice is sad, but n…

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