Coinbase Says New Jersey Users Can Resume Staking as Regulator Rescinds 2023 Cease-and-Desist Order

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• Coinbase announced that its users in New Jersey can now resume cryptocurrency staking services.
• This development follows a decision by the state's Bureau of Securities to officially withdraw a cease-and-desist order originally issued in 2023.
• The regulator rescinded the enforcement action without ruling on its merits, while Coinbase executives indicated that four additional states may be next.

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