According to ChainCatcher, Coinbase's Chief Legal Officer Paul Grewal denied the intention to discredit Binance and WLFI. Paul Grewal stated, "This is purely a rumor, and we absolutely did not participate in this. We will not attack competitors and welcome any company that shares our goals and is committed to expanding the cryptocurrency market."
On July 13, CZ reposted a tweet by Matt Wallace, which read: "Evidence suggests that Coinbase might be the 'anonymous' source intending to discredit President Trump's World Liberty Financial and Binance. It is alleged that Coinbase learned that Binance's former CEO CZ might receive a pardon, and due to its own high transaction fees and poor customer service, the company's leadership is concerned that if Binance legally returns to the US market, it would quickly capture market share, severely impacting Coinbase's revenue. Binance, being the world's largest crypto exchange, would immediately impact Coinbase's market share if it re-enters the US market. More shockingly, Coinbase appears to be attempting to attack its competitor Binance by targeting President Trump. This behavior is considered 'anti-American'! Will Coinbase come clean and take responsibility for this wrong decision? The truth will soon be revealed!"
