Illinois, USA, Set to Withdraw Coinbase Staking Lawsuit

Source
Suehyeon Lee

Summary

  • The state of Illinois, USA, is reportedly planning to withdraw its lawsuit against Coinbase's staking service.
  • With this, Illinois follows the same path as Kentucky, Vermont, and South Carolina, which had previously withdrawn their lawsuits.
  • The exact timing of the withdrawal has not been disclosed.

It appears that the state of Illinois, USA, is set to withdraw its lawsuit against Coinbase's staking service.

On the 4th (local time), a spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk, "We plan to withdraw the lawsuit against Coinbase's staking service."

However, they did not specify the exact timing of the withdrawal. Previously, three states—Kentucky, Vermont, and South Carolina—had withdrawn their lawsuits against Coinbase's staking service.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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