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Coinbase to Leave Delaware for Bitcoin-Friendly Texas

Coinbase, the largest cryptocurrency exchange in the United States, announced its decision to move its incorporation from Delaware to Texas, highlighting the state's more favorable business environment and a culture that supports economic freedom. The company's Chief Legal Officer, Paul Grewal, pointed out issues with unpredictability in Delaware's legal outcomes as a factor for the switch. Coinbase aims to benefit from Texas's recent corporate-law reforms that maintain governance flexibility. CEO Brian Armstrong reiterated the company's commitment to increasing economic freedom, noting Texas's embrace of cryptocurrency as a key reason for the relocation. This move reflects a broader trend of major companies, including Tesla and Charles Schwab, relocating to Texas for its lower taxes and supportive regulatory landscape.

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Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

Dubai’s Digital Economy Court has ordered a worldwide freeze on $456 million linked to a reserve shortfall for TrueUSD stablecoin holders. The court found compelling evidence of a breach of trust, alleging that funds from TrueUSD's reserves were improperly diverted to Aria Commodities DMCC, a Dubai-based firm

Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

Dubai's Digital Economy Court has frozen $456 million tied to Justin Sun's bailout of Techteryx, the issuer of the TrueUSD stablecoin, due to alleged breaches of trust. The case centers on claims that TrueUSD's reserves were improperly diverted into Aria Commodities DMCC, a Dubai-based

Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

A Dubai court has ordered the freezing of $456 million linked to Justin Sun’s financial support of TrueUSD issuer Techteryx. The court found compelling evidence of a breach of trust concerning the reserves of the TrueUSD stablecoin, which were allegedly misdirected into Aria Commodities DMCC, a Dubai-based trade finance

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