<ul><li>South Carolina has dropped its lawsuit against Coinbase, accusing the platform of offering unregistered securities.</li><li>The decision aligns with the federal regulator dropping its case against Coinbase in February.</li><li>Coinbase's Chief Legal Officer, Paul Grewal, called it a win for American consumers and urged other states to reconsider their stance on staking.</li><li>South Carolina lawmakers have introduced a bill, the Strategic Digital Assets Reserve Act, to allocate up to 10% of selected state funds to cryptocurrencies, including Bitcoin.</li></ul>

South Carolina Drops Staking Lawsuit, Proposes Bitcoin Reserve Bill

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