Coinbase's Chief Legal Officer denies intention to discredit Binance and WLFI

ChainCatcher news, Coinbase's Chief Legal Officer Paul Grewal posted to deny any intention to smear Binance and WLFI. Paul Grewal stated, "This is purely a rumor, and we are absolutely not involved in this matter. We do not attack competitors and welcome any companies that share our goals and are committed to expanding the cryptocurrency market."

On July 13, Zhao Changpeng retweeted a post by Matt Wallace, which stated: "There is evidence that Coinbase may be the 'anonymous' source trying to smear President Trump’s World Liberty Financial and Binance. It is alleged that Coinbase learned that former Binance CEO Zhao Changpeng might receive a pardon, and due to Coinbase's own high trading fees and poor customer service, the company's executives are worried that if Binance returns to the U.S. market legally, it will quickly capture market share and severely impact Coinbase's revenue.

Binance is the world's largest cryptocurrency exchange, and if it re-enters the U.S. market, it will immediately impact Coinbase's market share. Even more shocking is that Coinbase is allegedly trying to undermine President Trump to attack its competitor Binance. This behavior has been labeled as 'anti-American'! Will Coinbase come clean and take responsibility for this wrong decision? The truth will soon be revealed!"