Coinbase crackdown widens as states push to halt staking product
Both federal and state officials drilled in on the firm's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
State regulators from California to New Jersey demanded that Coinbase Global Inc. halt its staking service, posing fresh and local threats to the biggest U.S. crypto exchange.
The moves by watchdogs across the country coincide with the Securities and Exchange Commission suing Coinbase on Tuesday
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