CandleFocus Coinbase denies hating Solana, vows to improve user experience
2025-01-26
Author: Content Editor
Coinbase's chief legal officer, Paul Grewal, has addressed claims that the exchange does not support Solana, a blockchain platform. Grewal stated that Coinbase has spent millions of dollars defending Solana against the US Securities and Exchange Commission (SEC), which has classified the token as a security. He emphasized that Coinbase believes in Solana and will continue to defend it. The comment generated reactions from the crypto community, with some praising Coinbase's support for Solana and others criticizing the exchange for not supporting their projects. Coinbase protocol specialist Andrew Allen also stated that the exchange plans to do better and will share more details soon. Despite some criticisms, many acknowledge that Coinbase has been a champion for the crypto industry and has defended it against government authorities for years.
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