Coinbase Halts Staking in Four US States
Coinbase is temporarily suspending its retail staking service in California, New Jersey, South Carolina, and Wisconsin due to regulatory proceedings initiated by these states. The move comes after the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, classifying its staking service and certain listed tokens as securities. Despite disagreeing with the allegations, Coinbase will comply with the preliminary state orders while awaiting an opportunity to defend itself.