Coinbase leaves Delaware for Texas citing legal uncertainty

Coinbase leaves Delaware for Texas citing legal uncertainty

Coinbase (COIN) said it will leave Delaware and reincorporate in Texas, citing unpredictable outcomes from Delaware Chancery Court. Chief Legal Officer Paul Grewal said Texas offers better governance flexibility and legal predictability. COIN shares rose over 2% pre-market as retail sentiment on Stocktwits trended bullish.

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