Coinbase says it will leave Delaware, following Elon Musk to Texas

Core Points - Coinbase is leaving Delaware to reincorporate in Texas, citing Texas as an increasingly attractive hub for innovative companies [1] - Delaware's recent court rulings have raised concerns about its hospitability for corporations, leading to a reevaluation by companies [2] - Other companies, including Tesla and various venture capital firms, have also left Delaware for Texas or Nevada, seeking more favorable legal environments [3][4] Company Movement - Coinbase's chief legal officer highlighted the need for predictability in corporate governance as a reason for the move to Texas [8] - The Texas Business Organizations Code has been modernized to empower directors and officers, providing a more business-friendly legal ecosystem [9] Delaware's Response - Delaware is actively reaching out to companies considering leaving, aiming to address their concerns and retain them [10][11]