Coinbase to Leave Delaware for Bitcoin-Friendly Texas

Coinbase, the largest cryptocurrency exchange in the US, is moving its incorporation from Delaware to Texas. The decision is motivated by Texas' business-friendly regulations and a strong culture that supports innovation and cryptocurrency. Coinbase's executives highlighted recent reforms in Texas that offer better governance flexibility compared to Delaware's increasingly unpredictable legal landscape. CEO Brian Armstrong emphasized that Texas supports economic freedom and has embraced cryptocurrency, which aligns with Coinbase's mission. Many tech companies, including Tesla, have opted for Texas over Delaware in recent years for its lower taxes and favorable business environment. The move reflects a trend among firms seeking regulatory clarity and support in the cryptocurrency space.

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