Coinbase has given the middle finger to SEC threats over launching their lending service, as users can now borrow up to 1 Million!

In mid September, the SEC threatened to sue Coinbase if it launches its then planned lending product. Even though there were similar services already available, the SEC targeted Coinbase due to its size and profile to send a message.

Cut to today and coinbase has got a hell of a message for the SEC! Come borrow a million bucks! This has made my day!

This is the way the SEC should be treated, with the same amount of respect it shows crypto. Keep doing your thing Coinbase, you scored another fan today.

Sources: https://blockchain.news/news/coinbase-exchange-users-can-borrow-up-to-1m-loan-bitcoin-collateral

https://www.thebanker.com/Banking-Regulation-Risk/Regulation/SEC-warns-Coinbase-over-proposed-yield-product?ct=true