Coinbase chief legal officer Paul Grewel said that Coinbase operates not only a legitimate business, but a very active and productive business. Until it is satisfied that anything it has done is breaking the law, Coinbase will continue to operate as usual.
Twitter founder Jack Dorsey expressed support for Coinbase to refocus its business on Bitcoin on social platforms, and Elon Reeve Musk expressed support for Dogecoin under this tweet. Affected by this news, DOGE rose by more than 2% in a short period of time