Coinbase Says New Jersey Users Can Resume Staking as Regulator Rescinds 2023 Cease-and-Desist Order
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New Jersey's Bureau of Securities has rescinded its 2023 cease-and-desist order against Coinbase, allowing the exchange to resume staking services for New Jersey users. The withdrawal came without a ruling on the merits of the case, Coinbase noted. Coinbase's Molly Abraham identified four additional states as "next" targets in the company's push to restore staking nationwide. The move marks a significant regulatory rollback for the crypto exchange, which had faced enforcement actions across multiple states over its staking program. Investors and industry watchers should monitor whether other state regulators follow New Jersey's lead and whether Coinbase provides further details on the remaining states in its crosshairs.
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Coinbase (COIN), New Jersey Bureau of Securities, Molly Abraham
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