A new token for the Coinbase-incubated Ethereum Layer 2 Base has not been ruled out entirely, according to Coinbase CLO Paul Grewal.
at Messari's Mainnet event yesterday."I think a token could be viable at some point in the future," he added.
For now, Coinbase's focus is on putting the tools and technology out there for users to experiment with, Grewal said."The goal has always been to expand the opportunity and to provide the tools and technology to allow others to exercise their own creativity." Grewal also acknowledged that Coinbase would not necessarily be the one to develop the most compelling use cases and applications that draw the next 100 million — and, ultimately, one billion — people into crypto.
Grewal highlighted the global trend of countries adopting sensible crypto rules and questioned why the U.S. isn't following suit. As more Americans participate in the crypto space, it’s important for laws and regulations to reflect that, he added.ruling that the decentralized protocol couldn't be held accountable for third-party misuse — a decision that could set an important precedent for how decentralized platforms, like Coinbase's Base, are viewed in terms of liability, he said.
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