Coinbase Suspends Crypto Staking Service in 4 States Following SEC Lawsuit

The US Securities and Exchange Commission (SEC) recently filed a lawsuit against cryptocurrency exchange Coinbase, claiming that its individual crypto staking service violated securities laws by considering the service itself as a security. In response, the giant crypto exchange announced that it would suspend its crypto staking service in four states, including California and New Jersey. Coinbase’s Crypto Staking Service Suspended in 4 States Coinbase, the US-based leading cryptocurrency exchange, which became the world’s largest crypto exchange in terms of trading volume in early June along with Binance, became the target of the SEC lawsuit. The SEC alleges that Coinbase’s crypto staking service violates securities laws. Following ongoing reviews of these types of crypto staking services in California, New Jersey, South Carolina, and Wisconsin, Coinbase decided to suspend its individual crypto staking service in these states, stating that changes to these services would be required. However, it was announced that […] The post Coinbase Suspends Crypto Staking Service in 4 States Following SEC Lawsuit appeared first on COINTURK NEWS.