Illinois will soon abandon his trial against Coinbase, joining three other American states which recently fell in disputes against the stock market.
A spokesperson for the Secretary of State of Illinois, Alexi Giannoulias, told Coindesk on Thursday that the office “intended to drop the Coinbase trial”. The spokesperson did not respond when asked when the case could be abandoned.
Illinois was one of the 10 American states that brought charges against Coinbase in 2023 for having pretended to violate the laws on the securities of the State through its implementation program. The American Securities and Exchange (SEC) commission also charged Coinbase to have violated the federal securities laws for its product of stale, but abandoned this prosecution in February. Since the retirement of the SEC, regulators of securities in the state of Kentucky, Vermont and South Carolina have also abandoned their own cases against the Stock Exchange.
The remaining states with combinations linked to the cleansing against Coinbase are Alabama, California, Maryland, New Jersey, Washington and Wisconsin. California, Maryland and Wisconsin spokesperson have refused to comment on current disputes.
A representative of the New Jersey Bureau of Securities told Coindesk that “the matter Coinbase remained open”, and Bill Beatty, the securities administrator of the Washington Department of Financial Institutions said that “the case of State Coinbase remains in progress”.
The Alabama securities committee has not returned to the request of Coindesk comments.
