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Title:
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Ordinance authorizing settlement of the lawsuit filed by Coinbase, Inc. against the City and County of San Francisco for $1,600,000; the lawsuit was filed on January 10, 2025, in San Francisco Superior Court, Case No. CGC-25-621382, entitled Coinbase, Inc. v. City and County of San Francisco et al.; the lawsuit involves a refund of gross receipts, homelessness gross receipts, and overpaid executive gross receipts taxes; other material terms of the settlement relate to Coinbase Inc.’s filing position and tax liability for the 2024 tax year.
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