# Bitcoin Magazine

By [Suresh Devi](https://paragraph.com/@suresh-devi) · 2023-03-24

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The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to be accused of breaking securities laws could foreshadow an agency effort to break the back of the crypto sector as it now operates, but it also may finally force court rulings that define how the industry can move forward.

The so-called Wells Notice that informs Coinbase about the looming potential enforcement action is sparse on details, but it said the next steps could bring injunctions and cease-and-desist orders against aspects of its business, including its staking service and some of its asset listings. Since the company has already announced its intention to keep going, such legal orders will likely be fought in court, where judges may finally settle the questions the industry had previously hoped the SEC would answer.

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*Originally published on [Suresh Devi](https://paragraph.com/@suresh-devi/bitcoin-magazine-3)*