Crypto

New Jersey Rescinds Coinbase Staking Ban and Drops Penalty

New Jersey rescinded its 2023 cease-and-desist order against Coinbase staking.

The state dropped a $5 million penalty against the exchange without a ruling on the merits.

Coinbase users in New Jersey will regain access to staking services soon.

California, Maryland, Washington, and Wisconsin maintain ongoing enforcement actions.

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