{"id":20481,"date":"2025-04-03T17:31:47","date_gmt":"2025-04-03T17:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20481"},"modified":"2025-04-03T17:31:47","modified_gmt":"2025-04-03T17:31:47","slug":"illinois-to-drop-staking-lawsuit-against-coinbase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20481","title":{"rendered":"Illinois to Drop Staking Lawsuit Against Coinbase"},"content":{"rendered":"<div>\n<p>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.<\/p>\n<p>A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on Thursday that the office \u201cintends to drop the Coinbase lawsuit.\u201d The spokesperson did not reply when asked when the case may be dropped.<\/p>\n<p>Illinois was one of 10 U.S. states that brought charges against Coinbase in 2023 for allegedly violating state securities laws through its staking program. The U.S. Securities and Exchange Commission (SEC) also charged Coinbase with violating federal securities laws for its staking product, but <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/02\/27\/coinbase-case-dropped-by-u-s-sec-as-agency-reverses-crypto-stance\" target=\"_blank\">dropped that suit in February<\/a>. Since the SEC\u2019s retreat, state securities regulators in Kentucky, Vermont and South Carolina have also abandoned their own cases against the exchange.<\/p>\n<p>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.<\/p>\n<p>A representative for the New Jersey Bureau of Securities told CoinDesk the \u201cCoinbase matter remains open,\u201d and Bill Beatty, securities administrator for the Washington Department of Financial Institutions said the state\u2019s \u201ccase with Coinbase remains ongoing at this time.\u201d<\/p>\n<p>The Alabama Securities Commission did not return CoinDesk\u2019s request for comment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on Thursday that the office \u201cintends to drop the Coinbase lawsuit.\u201d The spokesperson did not reply when asked when the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20481","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20481"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20481\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}