New Jersey drops staking lawsuit against Coinbase and lifts ban
Image: CointelegraphNew Jersey rescinded its cease-and-desist order against Coinbase and dropped its staking lawsuit. Residents can resume staking on the exchange soon. New Jersey users missed an estimated $15 million in rewards while the order was in effect. California, Maryland, Wisconsin, and Washington still pursue enforcement actions against the exchange.
Key points
- New Jersey dropped its staking lawsuit and lifted its order against Coinbase.
- California, Maryland, Wisconsin, and Washington still maintain enforcement actions regarding staking services against Coinbase.
Why it matters
New Jersey residents regain access to earn rewards on tokens held on Coinbase. Other states continue active enforcement actions against the exchange's staking services.
Sources · 2 publishers
Cointelegraph
Tier 1
New Jersey drops Coinbase staking order ahead of crypto’s midterm test
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Cointelegraph
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
