[Shareholder Lawsuit Dismissed After Coinbase Relocates to Texas] According to a report by Jinse Finance on October 10, citing CryptoSlate, the Texas Business Court ruled on October 2 to dismiss a derivative lawsuit filed by shareholder Gary Guillaume against Coinbase's board of directors. The dismissal was based on the plaintiff's failure to submit a prior written demand to the board. The dismissal does not constitute a substantive ruling, and the court did not make a judgment on the alleged misconduct. The court determined that while Delaware law was presumed to govern the substantive claims, Texas law applied to the jurisdiction of the lawsuit. Coinbase CEO Brian Armstrong praised the ruling on October 9, stating that it encourages more companies to register in Texas.