Base Still Has The Ability To Issue Tokens

Coinbase Chief Legal Officer Paul Grewal shared information that token implementation for layer-2 Base has not been completely phased out. Currently, it is absolutely not a priority for the project.

In an interview with Decrypt, Coinbase Chief Legal Officer Paul Grewal discussed the legal situation of the cryptocurrency market in the US, especially new information surrounding the issuance of layer tokens. -2 Base.

Wen token? “I think a token could be viable at some point in the future,” #Coinbase CLO Paul Grewal said about L2 @buildonbase. “It’s not something we’ve ruled out entirely.”https://t.co/RbSdkN9Apg https://t.co/b1GIfOM6wg

— Decrypt (@decryptmedia) September 21, 2023

He responded to a question regarding Base’s decision to “not issue tokens” and emphasized that in the future, a token launch by Base is still possible.

Specifically, Paul Grewal said:

“I think it is possible to deploy a token at some point in the future. This is not something we have completely eliminated.”

However, he also said that Coinbase’s main goal when building Base is to create a technology solution to scale and apply in practice. On the contrary, relating to tokens and tokenization is not their top priority.

Furthermore, he emphasized that having a clear regulatory framework in the market is essential for Base to be able to prepare for important future developments.

In the past, Base has repeatedly reminded users that they have no plans to issue tokens, even stating this on the project’s Twitter bio.