New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state.
Update (Nov. 3 at 5:33 p.m. UTC): This article has been updated to include comments from Coinbase general counsel Molly Abraham.
New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order against Coinbase’s staking service, lifting a ban that stopped residents staking new funds on the exchange for over three years.
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