COINTELEGRAPH · 2026-11-02 22:22 UTC

New Jersey drops Coinbase staking order ahead of crypto's midterm test

New Jersey rescinded its 2023 cease-and-desist order against Coinbase's staking service on Oct. 30, lifting a ban that prevented residents from staking new funds for over three years. California, Maryland, Wisconsin, and Washington are still pursuing enforcement actions against Coinbase's staking services; California users have missed out on over $89 million in staking rewards since 2023. The decision comes ahead of the Nov. 3 midterm elections, with potential implications for crypto regulation depending on which party controls the Senate.

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