New Jersey Rescinds Coinbase Staking Order, Clearing Path for Restart
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New Jersey has rescinded its 2023 cease-and-desist order against Coinbase's staking program, withdrawing the $5 million penalty and staking restrictions without prejudice. The move clears the way for Coinbase to resume offering staking services to New Jersey customers, with the company saying access will return "very soon." The reversal follows a broader industry pushback against state-level staking enforcement, and comes as other states have similarly dropped or settled comparable actions against major crypto exchanges. The decision removes a regulatory overhang for Coinbase in one of the largest US states by population, potentially reopening staking revenue from retail customers who were locked out of the program. Watch for the formal relaunch of staking services for New Jersey residents and whether remaining state regulators follow suit in easing restrictions on exchange staking products.
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Coinbase (COIN), New Jersey
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