Coinbase has resumed its crypto staking services in New Jersey after the reversal of a cease-and-desist order imposed in June 2023. The state’s Bureau of Securities had prevented Coinbase from accepting new staking funds for more than three years. The bureau rescinded the order and a $5 million penalty without a ruling on the merits of the case. This regulatory easing could support Ethereum adoption, while observers will monitor any further action by the state and the response from other jurisdictions.
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