Shares of Coinbase, COIN, posted +2.2%, but the crypto-exchange is struggling to protect its staking program, which is already restricted in four US states.
Coinbase and COIN performance despite crypto-exchange’s problems with staking
Shares of Coinbase (COIN) have just registered a +2.2% pump in the last 24 hours, bringing the price to $94.76.
This is a very strong performance when one considers that only last month, COIN was worth $71.55. Basically, in the last month of July, COIN recorded a +32% increase in its price.
In that same month, however, the crypto platform came under pressure from the US Securities and Exchange Commission (or SEC) because of its staking program, which apparently does not comply with the law.
Specifically, as many as 10 states in the US have initiated proceedings against Coinbase, of which four states have also issued preliminary orders requiring the company to restrict staking services on their territories.
Hence, users in California, New Jers
We współpracy z: https://en.cryptonomist.ch/2023/07/31/coinbase-coin-is-up-despite-exchange-problems/
