Coinbase Faces Ongoing Legal Battles Over Staking Services

According to Chief Legal Officer Paul Grewal, California, New Jersey, Maryland, Washington, and Wisconsin remain actively engaged in legal action as of April 25. Four of these states—California, New Jersey, Maryland, and Wisconsin—have issued cease-and-desist orders, blocking Coinbase from offering staking services to new users. Washington maintains an ongoing lawsuit but has not banned staking activities. $90 Million in User Rewards Impacted Coinbase executives argue that these legal barriers prevent users from accessing staking rewards, which have totaled over $90 million since 2023 source: https://coindoo.com/coinbase-faces-ongoing-legal-battles-over-staking-services/