New Jersey users can soon stake on Coinbase again after the state drops its 2023 cease and desist order "In June of 2023, New Jersey had an order against Coinbase's staking…
Original source excerpt
New Jersey users can soon stake on Coinbase again after the state drops its 2023 cease and desist order "In June of 2023, New Jersey had an order against Coinbase's staking service, which was finally…
New Jersey users can soon stake on Coinbase again after the state drops its 2023 cease and desist order "In June of 2023, New Jersey had an order against Coinbase's staking service, which was finally just rescinded on October 30th. It withdraws the cease and desist order and its $5 million penalty." "The regulator acted without prejudice. It did not issue a ruling on the merits, and the order preserves New Jersey's ability to bring future enforcement action. But Brian Armstrong said New Jersey customers would regain staking access very soon." "This is actually quite meaningful, because we are slowly seeing a rollback, not only at the federal level but also at the state level, of damaging actions from the previous administration." "Obviously, we should be able to earn staking revenue on decentralized networks in crypto."
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