Coinbase's Chief Legal Officer, Paul Grewal, has publicly addressed the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Solana (SOL), which the SEC claims is a security. Grewal announced that Coinbase has invested millions of dollars in defending SOL, emphasizing the company's commitment to countering what he describes as an unfair accusation. He expressed strong support for SOL's future development and stated that he is willing to accept any negative labels associated with this support.