A post by @WatcherGuru on X.

New Jersey has officially dropped its lawsuit against Coinbase, allowing the exchange to resume crypto staking services for state residents after more than three years of litigation. The case was part of a broader wave of state-level enforcement actions—alongside similar suits from regulators in states like California, Illinois, and others—that targeted staking programs offered by major U.S. exchanges. The resolution removes a key regulatory overhang for Coinbase (NASDAQ: COIN), whose staking business has been a recurring compliance concern across multiple jurisdictions. It also adds to Coinbase's recent string of regulatory wins, including the SEC's dismissal of its federal lawsuit against the exchange earlier this year. Investors and industry participants should watch whether other states with pending staking cases follow New Jersey's lead, and whether the company provides updated disclosure on staking revenue contribution in upcoming filings.