Kentucky withdraws pledge lawsuit against Coinbase

Golden Finance reported that just a few days after South Carolina withdrew its pledge lawsuit against cryptocurrency exchange Coinbase, Kentucky became the third state after Vermont to withdraw such a lawsuit. The Kentucky financial regulatory agency submitted a joint withdrawal lawsuit on Monday, officially ending the legal action against Coinbase's staking services. Previously, the service was accused of violating state securities laws. Paul Grewal, Chief Legal Officer of Coinbase, stated on the X platform, "Congress needs to pass the Federal Market Structure Act as soon as possible to end this litigation driven, state by state regulatory approach