Coinbase Halts Staking Services in Response to US Regulators

Coinbase has announced that it will temporarily halt customers from staking additional assets in California, New Jersey, South Carolina, and Wisconsin due to legal proceedings initiated by local regulators. This comes after the U.S. Securities and Exchange Commission filed a lawsuit against Coinbase for offering unregistered securities. The exchange stated that it disagrees with the allegations but will comply with the preliminary state orders. Staking services in other states are unaffected.