Coinbase Chief Legal Officer: We will completely dismiss BiT Global’s false lawsuit

Odaily News Paul Grewal, chief legal officer of Coinbase, said in a post on X: “Last month, we dismissed a false request for a court order requiring us to continue listing tokens that no longer met our listing standards. Today, Coinbase has decided to completely dismiss BiT Global’s false lawsuit.
There is no law that compels Coinbase to custody assets that carry unacceptable risk. We have every right and responsibility to enforce our rules and ensure a safe and secure trading environment for our users. We appreciate the court’s careful consideration.”
In December last year, a California court ruled that Coinbase could delist wBTC on the first court date of BiT Global’s lawsuit against the exchange. Coinbase announced last month that it would delist wBTC on December 19.