The ASC action doesn’t forbid Coinbase from offering staking as a service as long as it complies with the law, but the order itself was the result of a task force of ten state securities regulators in the U.S., namely Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin.

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• Source: https://www.coindesk.com/policy/2023/06/06/coinbase-violated-state-securities-laws-with-staking-program-alabama-regulator-alleges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines