Coinbase Executives Promise to Assist the SEC With Their Security Standards

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Last Updated on January 11, 2024 by Bitfinsider

After the Securities and Exchange Commission’s X account was accessed on Tuesday to publish a phony spot bitcoin ETF clearance statement, executives at cryptocurrency exchange Coinbase have offered their assistance.

“Serious offer: as a crypto exchange, we’ve had a lot of experience with security protocols around social media, and as a veteran and patriot, I love to help my country,” Coinbase Chief Security Officer Philip Martin told X. “If you’d like any suggestions feel free to reach out.”

Coinbase’s Chief Legal Officer Paul Grewal, who first said that he was biting his tongue when the false message went viral, went one step further. “The whole Coinbase team extends their assistance. “We are committed to doing our part to ensure fair, orderly, and efficient markets for all Americans,” he said.

Coinbase’s offer comes despite the SEC charging it for violating securities laws and operating an unregistered exchange.

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