New Jersey drops Coinbase staking order and US$5 million penalty
State regulator rescinds 2023 ban before midterm elections, but California and three other states continue enforcement actions against the exchange
New Jersey's securities regulator has rescinded its 2023 cease-and-desist order against Coinbase's staking service, dropping a $5 million penalty and clearing the way for residents to stake new funds on the exchange for the first time in over three years.