While the fake Bitcoin ETF news and the hacking of the SEC caused a great impact in the market, a new proposal came to the SEC from Coinbase, the largest cryptocurrency exchange in the USA.
At this point, Coinbase executives offered to help the SEC secure its social media accounts following the hack of SEC X account.
At this point, Coinbase Chief Security Officer Philip Martin and Chief Legal Officer Paul Grewal offered assistance to SEC Chairman Gary Gensler.
Pointing to Coinbase's extensive experience in security, Martin invited Gensler and the SEC to seek their advice and guidance on this matter.
Stating that this offer is serious, the Coinbase manager said:
“I'm calling out to the SEC and Gary Gensler, and I'm making you a serious offer.
As a crypto exchange, we have a lot of experience with security protocols on social media, and as a veteran and patriot, I love helping my country. If you have any suggestions, feel free to contact us.”
hey @GaryGensler and @SECGov, 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. If you'd like any suggestions feel free to reach out. https://t.co/w3z2yU6FZw
— Philip Martin (@SecurityGuyPhil) January 10, 2024
Coinbase Chief Legal Officer Paul Grewal also offered assistance, saying, “The entire Coinbase team is offering its assistance. We are committed to doing our part to ensure fair, orderly and efficient markets for all Americans.”
There has been no response yet from the SEC or Gensler to Coinbase's offer.
The entire @coinbase team offers its help. We are committed to doing our part to ensure fair, orderly and efficient markets for all Americans. https://t.co/eYI8mQtmCT
— paulgrewal.eth (@iampaulgrewal) January 10, 2024
*This is not investment advice.
