TechFlow — Coinbase Chief Legal Officer Paul Grewal responded on Twitter to "the U.S. SEC opposing Celsius' plan to distribute digital assets to customers via Coinbase," stating that Coinbase is proud to collaborate with Celsius on distributing cryptocurrency to customers and expressing confusion over the SEC's opposition to a U.S. publicly traded company taking on this role.
Coinbase looks forward to working with the bankruptcy court to resolve this issue and play a vital role in compensating Celsius customers. Earlier reports indicated that the U.S. Securities and Exchange Commission (SEC) had filed documents opposing cryptocurrency firm Celsius Network’s plan to distribute digital assets to customers through Coinbase.
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