Illinois to Drop Staking Lawsuit Against Coinbase
Powered by @unfolded- Illinois plans to drop its staking lawsuit against Coinbase, following a trend of other states backing down from similar litigation.
- The state was one of 10 that charged Coinbase in 2023 for alleged violations of state securities laws related to its staking program.
- The U.S. SEC previously charged Coinbase with violating federal securities laws but dropped that suit in February, leading to the abandonment of cases by Kentucky, Vermont, and South Carolina.
- Ongoing lawsuits against Coinbase remain in Alabama, California, Maryland, New Jersey, Washington, and Wisconsin, with some states not commenting on the status of their cases.
https://www.coindesk.com/policy/2025/04/03/illinois-to-drop-staking-lawsuit-against-coinbase