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Join Our Telegram channel to stay up to date on breaking news coverage The Coinbase staking service has been stopped in four US states, California, South Carolina, Wisconsin, and New Jersey. This means that crypto investors in these states are unable to leverage the exchange’s staking facilities. Coinbase Staking – Fighting Court Cases Against 10 US States In its blog post entitled ‘Why We Stand by Staking‘, Coinbase announced that users who staked their tokens before orders by the SEC were issued regarding the exchange – June 6 –  wouldn’t be affected by this decision. Coinbase has highlighted a condensed version of the blog via its Twitter thread. 1/ As you might have heard, on June 6, 10 US states initiated proceedings related to Coinbase’s retail staking services. Let’s dig into what this means for our customers. pic.twitter.com/pQidr0Ijc9 — Coinbase 🛡️ (@coinbase) July 14, 2023 On June 6...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities. This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoin s have been in the news recently. We start off this week’s show with the latest news in the markets: SEC lawsuit against Paxos over BUSD baffles crypto community On Feb. 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin , alleging that the stablecoin is an unregistered security. On the same day, the New York Department of Financial Services ordered Paxos to halt the issuance of BUSD. This led to various members of the crypto community taking to Twitter to give their takes on the situation. From disregarding the issue as “FUD” to calling it an attack against the Binance exchan...