Alabama drops staking lawsuit against Coinbase

From Cointelegraph

April 23, 2025 4:08:00 pm:

The Alabama Securities Commission drops its lawsuit against Coinbase for offering staking services, citing collaboration between the SEC and the crypto industry to develop clear regulations. The commission believes policymakers need time to consider regulatory constructs for cryptocurrency products and services. Other states have also dropped lawsuits against Coinbase, with five remaining.

Five out of the ten states that filed lawsuits against Coinbase for staking services have dropped their litigations, starting with Vermont in March. South Carolina and Kentucky followed suit in dismissing their lawsuits. Despite the positive trend, there are still five states holding out, with four banning staking with Coinbase. The work towards clear regulations for cryptocurrencies continues.

Read more at Cointelegraph: Alabama drops staking lawsuit against Coinbase