South Carolina pulls the lawsuit against Coinbase

The US state of South Carolina withdrew a lawsuit against the pioneering coding exchange, Coinbase.
Paul Groal, Coinbase’s chief official, revealed that South Carolina has now joined Vermont to reject the unlikely lawsuit against Coinbase. As a result, Coinbase users will be able to close the Stokeing feature again.
South Carolina case against Coinbase
Domino continues to fall. South Carolina just joined Vermont to reject the unfounded lawsuit against Coinbase. Staking will soon return to Coinbase users in South Carolina. This is not just a victory for us, but for American consumers and we hope it will be a sign …
– Paulgrewal.eth (iampaulgrewal) March 27, 2025
As part of this lawsuit, South Carolina residents estimated that they lost two million dollars as bonuses. Grewal moved to X to notify users of development: “The 52 million Americans have an encrypted currency worthy of reasonable protection for consumers and clear rules. We commend South Carolina to stand on justice and we hope that other countries still prohibit the observation.”
According to Grewal, the lawsuit was resolved with the cooperation of public prosecutor Alan Wilson.
The official deposit states, “According to the rules of the SC 13-604 (x) regulations, the department and those who responded to the rejection of this issue, without costs or fees for division or respondents, states, and the matter is evacuated as of the date of this joint honor.”
Donald Trump as an American president, many encryption companies have seen decisions to defend each of them. In fact, the US Securities and Stock Exchange Committee (SEC) recently completed the investigations conducted on encryption companies, including Crypto.com, Kaken, Cumberland, Conssysys and Web3 Gaming IMMUTALE.
Also read: SEC’s response to Coinbase: A possible turning point for identifying encryption sheets