Coinbase maintains that its decision to delist wBTC was driven by security and governance concerns tied to Sun’s involvement, rather than anticompetitive motives.
Future Developments
While Judge Martinez-Olguin denied the TRO, she left the door open for BiT Global to seek an injunction if it could present stronger evidence of irreparable harm.
BiT Global’s case remains active, with potential implications for the wrapped bitcoin market and Coinbase’s competitive practices.
Representation
BiT Global is represented by Kevin Kneupper and A. Cyclone Covey of Kneupper & Covey PC. Coinbase is represented by Sonal N. Mehta, David Z. Gringer, and Paul T. Vanderslice of WilmerHale.
