The cryptocurrency giant pauses its staking operations in California, New Jersey, South Carolina, and Wisconsin as it continues discussions with their respective regulators.
The United States-based crypto exchange is again in the news following the fierce back-and-forth between itself and the United States’ Securities and Exchange Commission (SEC). In a blog post yesterday July 14, the exchange announced a temporary suspension of its staking operations in the four states following preliminary orders by local state regulators.
These states have laws enabling these agencies to issue preliminary orders even before legal proceedings begin.
Other Fronts In Legal Action For Coinbase
Apart from the aforementioned states, the exchange is also facing legal action from regulators in Maryland, Vermont, Kentucky, Illinois, Alabama, and Washington. Unlike the previous four states however, Coinbase’s staking services are unaffected and customers “remain eligible to stake crypto just as they we
We współpracy z: https://cryptodaily.co.uk/2023/07/coinbase-suspends-staking-services-in-four-us-states
