Illinois will soon drop its staking lawsuit against Coinbase, joining Kentucky, Vermont, and South Carolina, which have already abandoned their suits. A spokesperson for Illinois Secretary of State Alexi Giannoulias confirmed the intention to drop the case but did not specify when this would occur. In 2023, Illinois was among 10 U.S. states that charged Coinbase for allegedly violating state securities laws through its staking program. The U.S. Securities and Exchange Commission (SEC) also charged Coinbase at the federal level but has since retreated, prompting several states to drop their litigation. Currently, Alabama, California, Maryland, New Jersey, Washington, and Wisconsin have outstanding staking-related cases against Coinbase. California, Maryland, and Wisconsin spokespeople declined to comment on these cases, while New Jersey's Bureau of Securities and Washington's Department of Financial Institutions confirmed their matters remain open and ongoing, respectively. This shift indicates a potential easing of regulatory pressure on Coinbase as states reassess their legal strategies regarding cryptocurrency staking programs.

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