Coinbase to Stop Staking Services in Four US States
Coinbase, a leading global cryptocurrency exchange, has announced its decision to discontinue accepting new staking assets from customers in four US states. The move comes as Coinbase faces ongoing regulatory disputes, primarily with the U.S. Securities and Exchange Commission (SEC) and certain state regulators. The SEC and state regulators have raised objections to Coinbase’s staking program, alleging that it involves the sale of unregistered securities. In June, the SEC filed a lawsuit against Coinbase, accusing the exchange of violating securities laws by launching a lending product that allowed users to earn interest on their crypto assets. Coinbase has strongly denied