Coinbase Battles On as Four States Block Over $90M in Staking Payouts

Coinbase is escalating its efforts to restore full crypto staking rights across the United States, as millions in staking rewards remain out of reach for users in four major states. Despite major legal breakthroughs at the federal level and in several jurisdictions, customers in California, New Jersey, Maryland, and Wisconsin are still barred from earning staking yields—amounting to more than $90 million in missed opportunities since June 2023.

The crypto exchange took to social media platform X to reinforce its message, warning that, “Your crypto staking is still at stake.” While lawsuits from the SEC and five states have been dismissed, Coinbase made it clear that the fight isn’t over. “We will not stop fighting,” the company added.

Staking Rewards and the Finance Gap Left Behind

Coinbase detailed the financial impact in specific terms: users in California have missed nearly $71 million, New Jersey $12 million, Maryland $5 million, and Wisconsin about $3 million. The company emphasized that these losses don’t stem from any failure on its platform—no assets have been lost—but rather from regulatory blocks that prevent participation in staking finance.

Meanwhile, momentum appears to be shifting in favor of broader staking access. Five states—Vermont, South Carolina, Kentucky, Illinois, and Alabama—have dropped their legal actions. Alabama was the latest, citing its cooperation with the SEC and industry leaders to clarify staking rules. That followed the SEC’s decision to dismiss its own federal case against Coinbase in February, marking a major turning point.

Coinbase Doubles Down on Finance Access for Crypto Stakers

Although the legal tide is turning, Coinbase made it clear that its mission continues. The company views staking as essential infrastructure—not only for blockchain security but also for financial inclusion in the digital age. With over $90 million in staking finance locked away due to ongoing restrictions, the exchange’s campaign highlights both the urgency and scale of the battle still ahead.

Coinbase remains determined to push for full staking rights across the U.S., aiming to empower crypto users regardless of state borders.

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