SEC Restrictions Have Cost Coinbase Users $90 Million in Staking Rewards

Coinbase, the largest digital assets exchange in the United States, has revealed that residents across five states have missed out on more than $90 million in potential staking rewards since June 2023. The exchange explained that the missed earnings stemmed from these states’ ongoing legal actions against the platform’s staking services. Coinbase Pushes Back Against Outdated Staking Bans in US States On April 25, Coinbase publicly urged California, New Jersey, Maryland, Wisconsin, and South Carolina to lift their restrictions against its staking services. According to the exchange, removing these restrictions would align these states with the Securities and Exchange Commission (SEC) source: https://beincrypto.com/coinbase-users-lost-90-million-staking-rewards-sec-restrictions/