Coinbase moves incorporation to Texas from Delaware, following Musk's lead
Group 1 - Coinbase is moving its state of incorporation from Delaware to Texas, following a similar move by Tesla [1] - The decision is influenced by recent unpredictable outcomes in the Delaware Chancery Court, which have raised concerns about the legal framework in Delaware [2] - Other notable companies, including Dropbox and TripAdvisor, have also announced their departures from Delaware, indicating a trend among businesses seeking more favorable legal environments [2] Group 2 - Elon Musk has publicly recommended that companies still incorporated in Delaware should consider relocating to other states [3]