Kentucky Drops Coinbase Staking Lawsuit; Joining Vermont and South Carolina

Kentucky’s Department of Financial Institutions has dropped its lawsuit against Coinbase, joining a growing list of states that have ended their legal action. The decision follows similar moves by Vermont and South Carolina, who also cited the Securities and Exchange Commission’s (SEC) recent decision to drop its own case against the exchange. This brings the total number of active state-level lawsuits against Coinbase down to seven.