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Coinbase moves incorporation to Texas from Delaware, following Musk’s lead
Coinbase is following Tesla out of Delaware and into Texas. Paul Grewal, Coinbase’s chief legal officer, wrote in a Wall Street Journal op-ed on Wednesday that the crypto exchange is moving its state of incorporation, a year after Elon Musk did the same with his electric vehicle maker. Musk also reincorporated his rocket maker SpaceX from Delaware to Texas. “Delaware’s legal framework once provided companies with consistency. But no more,” Grawal wrote, pointing to recent “unpredictable outcomes” in the Delaware Chancery Court. A handful of notable names, including Dropbox , TripAdvisor and venture firm ... (full story)
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