Paul Grewal, Coinbase's chief legal officer, wrote on the X platform: "Last month, we successfully rejected an unreasonable request for a court to force us to continue listing a token that no longer meets our listing criteria. Today, Coinbase has decided to completely dismiss BiT Global's unreasonable lawsuit. There is no legal requirement that Coinbase must hold assets with an unacceptable level of risk due to their association with Justin Sun and others. We have every right and responsibility to ensure a safe and trusted trading environment for our users. We thank the court for its serious consideration of this matter."