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 looks forward to working with the bankruptcy court to resolve this issue and play an important role in compensating Celsius customers. Earlier, according to market reports, the US SEC objected to Celsius Network's plan to distribute digital assets to customers through Coinbase.