Coinbase says it could get sued by the SEC, which has identified 'potential violations of securities law' at the exchange

• Coinbase said it got a Wells notice from the SEC alerting it of possible enforcement action.
• The regulator told the crypto exchange it had identified potential violations of securities law, but little more.
• Coinbase's legal chief said they're "prepared for this disappointing development."

Coinbase, the largest cryptocurrency trading platform in the US, could get sued by the Securities and Exchange Commission over its crypto offerings. 

Coinbase said Wednesday that it got a Wells notice from the SEC alerting it of potential enforcement action for possible violations of securities law after "a cursory investigation," but that the SEC didn't expand much more.