Base of Coinbase asserts that there are no plans to issue a native token

Coinbase has asserted that they have no plans to issue a native token for Base, despite earlier ambiguous information from Legal Director Paul Grewal regarding this possibility. CEO Brian Armstrong has clearly stated that there will be no token for Base in the near future, aiming to establish Base as an initiative within the cryptocurrency industry and maintain a level of engagement with the broader ecosystem.

Not issuing a token helps Coinbase avoid potential legal risks, especially in the context of the strict regulatory environment that cryptocurrency projects are facing. Armstrong emphasized that Base does not need a native token to develop and operate effectively within the current ecosystem, which aligns with their long-term strategy of building trust and stability in the industry.