Coinbase Chief Legal Officer: Looking Forward to Working With the Bankruptcy Court to Resolve the Issue of Celsius Customer Digital Asset Distribution
September 26th, Coinbase's Chief Legal Officer Paul Grewal responded to the "US SEC's opposition to Celsius' plan to distribute digital assets to customers through Coinbase," stating that Coinbase is proud to work with Celsius to distribute cryptocurrencies to customers and does not understand why the SEC opposes a US listed company taking on this role.
Coinbase has registered with the Bank of Spain to provide trading and custody services in the country
According to CoinDesk, cryptocurrency exchange platform Coinbase announced that it has registered with the Central Bank of Spain to provide trading and custody services in the country. Registering in Spain is a mandatory step for providing cryptocurrency-related services, and registered companies must comply with the country's anti-money laundering standards.
X platform user *Walter Bloomberg wrote: "The SEC filed a document objecting to Celsius Network's plan to distribute digital assets to customers through Coinbase. Celsius applied for bankruptcy more than a year ago and will seek bankruptcy court approval for its restructuring plan in the coming weeks. According to Celsius' proposed restructuring plan, Coinbase will provide brokerage and primary trading services for Celsius, engaging in activities that have led to regulatory litigation, which is still ongoing."
Vitalik Buterin, co-founder of Ethereum, has deposited 400 ETH (equivalent to $0.63 million) into Coinbase, sparking speculation about his intentions and strategies in the volatile cryptocurrency market. Recent transactions involving his ETH holdings have added to the intrigue surrounding his movements.
Coinbase CEO: Cryptocurrency Lobbying Needs To Be Stepped Up Ahead of 2024 U.S. Presidential Election
Coinbase CEO Brian Armstrong has stated that the US-based cryptocurrency company is facing an "unfair" regulatory environment, with certain government officials making it difficult for the cryptocurrency industry to thrive. Before the upcoming 2024 US presidential election, there is a need to strengthen cryptocurrency lobbying efforts.
Coinbase Chief Legal Officer: The Possibility of Base Issuing Tokens Has Not Been Completely Ruled Out
September 22nd, according to Decrypt's report, at the annual summit Mainnet 2023 hosted by Messari, Coinbase's Chief Legal Officer Paul Grewal responded to the question of "whether Base will have a token" in an interview, stating: "We have not completely ruled out this possibility, I think tokens may be feasible at some point in the future. But now we are not focusing on the economics and tokenization of the protocol. Regulatory clarity is also very important."
Coinbase has announced that it will focus its "Stand with Crypto" campaign on nine US states, including four "swing states" where voters are less likely to choose anti-crypto presidential candidates. The four swing states are New Hampshire, Nevada, Ohio, and Pennsylvania, where over half of voters stated that they would be less likely to vote for candidates who oppose crypto and Web3.
Coinbase CEO Brian Armstrong has shown his support for decentralized finance (DeFi) protocols and suggested that they take legal action to set a precedent. He believes that the current approach of the United States Commodities and Futures Trading Commission (CFTC) is pushing the industry towards overseas jurisdictions.
Coinbase CEO Brian Armstrong announced that the platform has decided to integrate the Lightning Network. Cathie Wood, founder of Ark Invest, wrote on social media that Bitcoin is the world's digital currency system and the Lightning Network is its payment layer.
Coinbase CEO Brian Armstrong announced on social media that they have decided to integrate the Lightning Network. Bitcoin is the most important asset in cryptocurrency, and we are happy to contribute to achieving faster/cheaper bitcoin transactions. The integration will take some time, so please be patient.