Coinbase has announced that retail clients in four states will no longer be able to add new assets to its staking product due to ongoing legal proceedings. Ten states, including California and New Jersey, have filed actions against the exchange to halt its staking program, arguing that it constitutes an unregistered security offering. Despite this, Coinbase maintains that staking is not a security and has been engaging with policymakers to keep its program intact. The staking services will continue to operate normally in other states where there are no ongoing legal proceedings.
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Coinbase halts new asset additions to staking product in four states amidst legal proceedings
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