Cryptocurrency

Illinois to Drop Staking Lawsuit Against Coinbase

L1QU2D

Apr 3, 2025 — 1 min read

1. Visualize the concept of — The concept of "dropping lawsuits against Coinbase" with an image of a scale tipping in favor of a digital coin, symbolizing legal resolution.

Illinois is following the lead of three other states, Kentucky, Vermont, and South Carolina, in dropping its lawsuit against Coinbase related to staking. The decision aligns with recent developments where several U.S. states have retracted their legal actions against the exchange.

Among the states still pursuing staking-related suits against Coinbase are Alabama, California, Maryland, New Jersey, Washington, and Wisconsin. Representatives from California, Maryland, and Wisconsin have refrained from providing comments on the ongoing litigations.

2. Create an image representing the states involve... — An image representing the states involved in staking-related suits against Coinbase, with each state's flag positioned around a digital wallet symbol, illustrating legal conflict in the digital finance realm.

3. Depict a map of the U.S. with highlighted state... — A map of the U.S.

Illinois to Drop Staking Lawsuit Against Coinbase

Three other states — Kentucky, Vermont and South Carolina — have already dropped their suits.

Illinois will soon drop its staking lawsuit against Coinbase, joining three other U.S. states that have recently backed down from litigation against the exchange.

The remaining states with staking-related suits against Coinbase include Alabama, California, Maryland, New Jersey, Washington and Wisconsin. Spokespeople for California, Maryland, and Wisconsin declined to comment on pending litigation.

Strategy Stock Could Climb as New Rival Twenty One Validates Its Bitcoin Strategy

New Competitor Twenty One's Bitcoin Strategy Could Boost Strategy Stock TD Cowen believes that the emergence of Twenty One could transform institutional sentiment and confirm the strength of MSTR’s bitcoin strategy in the long run. According to TD Cowen, Twenty One mirrors Strategy’s bitcoin-centric approach, reinforcing

ZKSync Hacker Returns $5M in Stolen Tokens After Accepting 10% Bounty

A hacker who managed to compromise the admin wallet of the layer-2 blockchain protocol ZKSync, stealing approximately $5 million worth of ZK tokens during an airdrop, has recently returned the stolen funds. The return was made within the agreed "safe harbor" timeframe, with the hacker receiving a 10%

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Solana Purchase for Balance Sheet Strengthens as DeFi Expansion Boosts Holdings to $48M Formerly known as Janover, the company has been actively acquiring SOL tokens at discounted rates to bolster its long-term cryptocurrency portfolio. DeFi Development Corp has now increased its Solana holdings by $9.9 million, bringing the total

Bitcoin Rollup Citrea Deploys Bridge to Tackle Collateral Bottleneck of Using BTC in DeFi

Citrea has taken a significant step in addressing the challenge of collateral bottlenecks when utilizing BTC in decentralized finance (DeFi) by launching its Clementine Bridge on the Bitcoin testnet. This move is part of Citrea's mission to enhance the usability of Bitcoin by establishing a secure bridge between

Illinois to Drop Staking Lawsuit Against Coinbase

Three other states — Kentucky, Vermont and South Carolina — have already dropped their suits.

Read more

Strategy Stock Could Climb as New Rival Twenty One Validates Its Bitcoin Strategy

ZKSync Hacker Returns $5M in Stolen Tokens After Accepting 10% Bounty

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Bitcoin Rollup Citrea Deploys Bridge to Tackle Collateral Bottleneck of Using BTC in DeFi