News Explorer — Illinois Plans to Drop Staking Lawsuit Against Coinbase: Report

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Apr 3, 5:30 pm

Coindesk

Illinois Plans to Drop Staking Lawsuit Against Coinbase: Report

Illinois is set to drop its staking lawsuit against Coinbase, following the lead of three other U.S. states that have recently withdrawn their litigation against the exchange. The U.S. Securities and Exchange Commission (SEC) previously charged Coinbase with violating federal securities laws for its staking product, but dropped the suit in February.

Illinois is set to drop its staking lawsuit against Coinbase, following the lead of three other U.S. states that have recently withdrawn their litigation against the exchange. The U.S. Securities and Exchange Commission (SEC) previously charged Coinbase with violating federal securities laws for its staking product, but dropped the suit in February.

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