By cryptoadmin 
The US state of South Carolina has withdrawn its lawsuit in opposition to the main crypto alternate, Coinbase Custody service.
Coinbase’s Chief Authorized Officer, Paul Grewal, revealed in a submit that South Carolina has now joined Vermont in dismissing the baseless staking lawsuit in opposition to Coinbase. Because of this, South Carolina Coinbase customers will quickly be capable to use the staking function once more.
The South Carolina vs Coinbase Case
The dominoes preserve falling. South Carolina simply joined Vermont to dismiss its unfounded staking lawsuit in opposition to @Coinbase. Staking will very quickly be again for Coinbase customers in South Carolina. This isn’t only a victory for us, however for American customers and we hope it’s an indication of…
— paulgrewal.eth (@iampaulgrewal) March 27, 2025
As a part of this lawsuit, South Carolina residents had been estimated to have misplaced $2 million in staking rewards. Grewal took to X to inform customers in regards to the improvement: “The 52 million People who personal cryptocurrency deserve affordable shopper safety and clear guidelines. We commend South Carolina for standing up for justice and hope that different states that also prohibit staking take notice.”
Based on Grewal, the lawsuit was resolved with the cooperation of Lawyer Normal Alan Wilson.
An Excerpt of Coinbase Submitting
The official submitting states, “Pursuant to S.C. Code of Laws 13-604(X), the Division and the Respondents stipulate that this matter be dismissed, with out prices or charges to both the Division or the Respondents, and the Order be vacated as of the date of this joint stipulation.”
Since Donald Trump’s tenure as US President, a number of crypto companies have seen resolutions to their respective litigations. In reality, the US Securities and Change Fee (SEC) additionally just lately ended investigations into crypto companies, together with Crypto.com, Kraken, Cumberland, ConsenSys, and the Web3 gaming agency Immutable.