Ripple CTO David Schwartz and Coinbase CLO Paul Grewal have clarified the role of Base sequencers, emphasizing that they are not exchanges but tools for organizing blockchain transactions. Grewal likened sequencers to cloud services such as AWS, highlighting their function in processing transactions without engaging in trading activities. Schwartz further explained that sequencers operate similarly to CPUs or cloud hosts, without conducting AML or KYC checks. In a separate statement, Coinbase's David Duong suggested that potential Federal Reserve rate cuts and growing institutional interest could lead to a significant upward movement in the cryptocurrency market.