Summary
- The state of Illinois is expected to withdraw its lawsuit related to Coinbase's staking service.
- Coinbase's Chief Legal Officer stated that it is to clarify that the staking service is not a security.
- Following Kentucky, Vermont, and South Carolina, Illinois is also reported to withdraw the lawsuit.
On the 3rd (local time), according to cryptocurrency specialist media CoinDesk, the state of Illinois, following Kentucky, Vermont, and South Carolina, is expected to withdraw its lawsuit related to Coinbase's staking service.
Previously, Paul Grewal, Coinbase's Chief Legal Officer (CLO), stated that the withdrawal of the lawsuit is to clarify that the staking service is not a security.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
