Coinbase moves incorporation to Texas from Delaware, following Musk's lead
1. Coinbase, like Tesla, is relocating incorporation from Delaware to Texas. 2. Legal framework in Delaware is seen as inconsistent by Coinbase's chief legal officer. 3. Other companies, including Dropbox and Andreessen Horowitz, are also leaving Delaware. 4. Texas laws favor corporations, limiting shareholder lawsuits against insiders. 5. Coinbase faces a lawsuit in Delaware tied to its 2021 public listing.