The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc. if the crypto exchange goes ahead with plans to launch a program allowing users to earn interest by lending crypto assets. The SEC issued Coinbase with a Wells notice, an official way it tells a company that it intends to sue the company in court. As a result, Coinbase is delaying the launch of its “Lend” product until at least October. Programs that allow owners of cryptocurrencies to lend these in return for interest are growing in popularity globally, but some regulators, particularly in the U.S. have started to raise concerns, claiming that such products should comply with existing securities laws. New Jersey ordered the cryptocurrency platform BlockFi Inc. to stop offering interest-bearing accounts that have raised $14.7 billion from investors.