$BTC
The court gave the green light!
Coinbase can delist wBTC as planned!
BiT Global failed to stop it!
According to the latest ruling of the California court, Coinbase was allowed to delist wBTC before BiT Global sued.
Coinbase announced earlier that it would delist the token on December 19, and BiT Global urgently applied for a temporary restraining order to try to stop it.
But U.S. District Judge Araceli Martínez-Olguín said on Wednesday that there was nothing wrong with Coinbase delisting wBTC because the asset had undergone significant changes recently.
A person familiar with the matter revealed: "They wanted to stop us, but the court made it clear today that their reasons were not valid."
The reason behind it: Coinbase was worried that Sun Yuchen would bring "unbearable risks" and resolutely decided to delist wBTC.
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