The relationship between the SEC and Coin has also been a roller coaster.

As the first listed company on the cryptocurrency trading platform, the relationship between Coin and the SEC cannot be said to be bad.

After that, Coin also actively communicated with the SEC, wrote a lot of letters, and made many suggestions on policies and industries.

However, there has been no definite reply from the SEC. Of course, this itself is difficult to reply to.

In 2023, the SEC stepped up its enforcement activities, and Coin was also notified by Wells. At this time, the relationship between the two became tense again, after all, it was a matter related to survival.