Coinbase Lifts Suspension of Debt Box Assets; Partners with Ledger for Simplified Crypto Purchases

By: Eliza Bennet

Coinbase has unfrozen Debt Box's assets amidst an ongoing controversy with the Securities and Exchange Commission (SEC). The freeze was lifted following discrepancies in the SEC's case representation against Debt Box, which were identified by Paul Grewal, Coinbase's chief legal officer.

Coinbase, the digital exchange platform, criticized the SEC's lack of immediate corrective measures once its deceptive stance was acknowledged. Grewal mentioned that the SEC remained silent upon the rectification request from Coinbase, leaving the exchange with no choice but to unfreeze the Debt Box's assets and correct the error independently.

In another development, Coinbase has partnered with the self-custody wallet, Ledger. This partnership is aimed at improving accessibility for self-custodial clients wishing to purchase cryptocurrencies by integrating Coinbase Pay into Ledger Live. Users can now purchase cryptocurrencies via their Coinbase accounts and instantly withdraw funds to their Ledger wallets without an additional charge. The new feature is an important step forward in simplifying the otherwise complex process of transferring assets from an exchange to a self-custodial wallet.