New Jersey Drops Coinbase Staking Ban and $5M Penalty
Edited by Steinar Vigdel Kolnes, Editor, Oslo
New Jersey has withdrawn its staking restrictions against Coinbase, allowing the exchange to restore the service for users in the state.
New Jersey has ended an enforcement action that prevented Coinbase from offering staking services to customers in the state.
The state also dropped a $5 million penalty tied to the case, removing a significant regulatory hurdle for the US crypto exchange.
The decision clears the way for Coinbase to resume staking access for eligible New Jersey users as the US crypto sector continues to navigate changing state and federal oversight.
Source: Cointelegraph
