Coinbase gets New Jersey staking relief after three years — Details

Coinbase has secured a significant legal victory in New Jersey after state regulators formally dropped their lawsuit against the cryptocurrency exchange over its staking services. According to Molly Abraham, VP of Legal at Coinbase, the state has also lifted the cease-and-desist order previously imposed on Coinbase, allowing the platform to resume offering staking services to customers in New Jersey. When and how did this all begin? The dispute dates back to 2023, when New Jersey's Bureau of Securities took action against Coinbase. It alleged that its staking program constituted an unregistered securities offering. Regulators argued that Coinbase had failed to register its staking-as-a-service program under state securities laws.

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