Coinbase announces resumption of New Jersey staking... restrictions in customer notice

Coinbase said it will resume staking for eligible New Jersey customers, offering rewards of up to 12% annually on supported assets after the New Jersey Bureau of Securities withdrew its October 30 order that had imposed a $5 million penalty and a stop-selling directive. The reversal removes a key regulatory overhang for the exchange’s staking business in the state, though the company’s customer-facing guidance still lists restrictions on new staking. The 12% figure is a capped annualized rate and does not apply uniformly across all assets or users, nor is it guaranteed. The development matters because staking is a core revenue line for Coinbase ($COIN) and state-level enforcement actions have been a recurring risk for U.S. crypto platforms. What to watch next is whether the remaining new-staking limits are lifted and whether other states follow New Jersey in rolling back similar actions.