New Jersey rescinds Coinbase staking ban and drops $5M penalty
CIE News ·
Based on reporting by Cointelegraph; not yet independently confirmed.
New Jersey has lifted its 2023 staking ban against Coinbase and dismissed a $5 million fine, according to Cointelegraph, paving the way for the exchange to resume local staking services.
New Jersey has vacated its 2023 staking ban against Coinbase and dismissed a previously imposed $5 million penalty, Cointelegraph reported on November 2, 2026. The decision allows the cryptocurrency exchange to restore staking services for residents in the state. According to Cointelegraph, the state rescinded the order and penalty as upcoming midterm elections are poised to grant crypto critics key government positions.
Key facts
- Staking ban lifted
- $5M fine dismissed
- Coinbase
- Reported by Cointelegraph
Read the original at Cointelegraph