PANews reported on February 21 that Paul Grewal, Chief Legal Officer of Coinbase, posted on the X platform that "case dismissal" is a word that every defendant in a case is eager to hear. The SEC will dismiss the Coinbase case. There will be no settlement or compromise - mistakes will only be corrected. However, Coinbase still has a lot of work to do and cannot be distracted. Legislation is essential to ensure that this illegal behavior does not happen again. Coinbase will not stop fighting until clear rules are established to allow the industry to truly thrive in the United States. Cooperation will be key, and we look forward to working with the U.S. Congress and SEC staff to promote the next stage of progress.