Coinbase Legal: New Jersey Drops Staking Lawsuit and Lifts Injunction
Original headlineCoinbase 法务：新泽西州撤回质押诉讼并解除禁令
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Coinbase announced on November 3 that New Jersey has formally withdrawn its staking lawsuit against the exchange and lifted its cease-and-desist order, clearing the way for staking services to resume for local users. The disclosure came from Coinbase legal staff member Molly Abraham, while CEO Brian Armstrong said New Jersey customers will soon be able to stake again. Coinbase will continue pushing similar efforts in Wisconsin, Maryland, California, and Washington, where staking-related proceedings remain pending. The withdrawal marks a notable regulatory win for Coinbase in the US staking landscape and could signal a softer enforcement posture toward staking products at the state level. Watch for whether the remaining four states follow New Jersey's lead and how quickly staking is restored for New Jersey users.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Coinbase (COIN), New Jersey, Brian Armstrong, Molly Abraham
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