Kentucky Officially Ends Collateral Lawsuit Against Coinbase

Odaily News Days after South Carolina dropped its staking lawsuit against cryptocurrency exchange Coinbase, Kentucky became the third state after Vermont to drop such a lawsuit. Kentucky financial regulators filed a joint dismissal complaint on Monday, officially ending the legal action against Coinbase's staking service. Previously, the service was accused of violating state securities laws. "Congress needs to pass a federal market structure law as soon as possible to end this litigation-driven, state-by-state regulatory approach," said Paul Grewal, Coinbase's chief legal officer, on the X platform. (Decrypt)