US Mint in Philadelphia set to press the last-ever penny as coin gets canceled “For decades, Delaware was known for predictable court outcomes, respect for the judgment of corporate boards and speedy resolutions,” Coinbase Chief Legal Officer Paul Grewal said in a opinion piece in the Wall Street Journal on Wednesday. Delaware judges, however, have expanded the court’s most stringent legal standard to a growing range of situations involving controllers, increasing the risk of shareholder lawsuits. “Never incorporate your company in the state of Delaware,” Tesla CEO Elon Musk had said on X after a Delaware judge rescinded his $56 billion pay package. CFOTO/Future Publishing via Getty Images The decisions culminated with the blockbuster ruling last year that rescinded Musk’s $56 billion pay package from Tesla. “Never incorporate your company in the state of Delaware,” Musk had said on X after the ruling. “It’s a shame that it has come to this, but Delaware has left us with little choice,” Grewal added. Texas has stepped up efforts to attract cryptocurrency firms, touting regulatory clarity and lower operating costs, with recent legislation positioning the state as a growing hub for blockchain development amid uncertainty in other jurisdictions. Coinbase is the largest publicly traded cryptocurrency exchange in the US. Filed under