Arbitrum's Chief Strategy Officer: The conflict between COIN and BASE is the most pressing issue that Coinbase/Base needs to resolve.

Odaily News The chief strategy officer of Arbitrum's development team Offchain Labs, AJ Warner, posted on X discussing the confirmation of Base's issuance. Warner stated that the conflict between COIN and BASE is the key issue that Coinbase/Base needs to address. The only way for COIN holders to gain value might be through holding BASE tokens on Coinbase's balance sheet, making it difficult to imagine they would directly airdrop to shareholders. The equity distribution between COIN and BASE must be extremely clear to operate; Offchain Labs and Arbitrum have previously dealt with similar issues regarding ARB tokens and Offchain Labs stock, but the nature of Coinbase as a public company will complicate matters significantly.