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Coinbase Scores Big as Vermont Drops Case—Is This the End of Staking Crackdowns?

Coinbase just scored a massive legal win as Vermont rescinds its case on staking services, reinforcing that staking is not a security. This marks another major setback for regulators trying to rein in crypto.

Coinbase Global Inc. and Coinbase Inc. have secured a significant legal victory as the Vermont Department of Financial Regulation officially rescinded its Show Cause Order against the cryptocurrency company. The decision, issued on March 13, follows a motion from the department’s Securities Division, which cited the recent dismissal of a similar federal case. The order, originally issued on June 6, 2023, had questioned whether Coinbase’s staking services violated Vermont’s securities laws.

Coinbase Scores Big as Vermont Drops Case—Is This the End of Staking Crackdowns?

Coinbase just scored a massive legal win as Vermont rescinds its case on staking services, reinforcing that staking is not a security. This marks another major setback for regulators trying to rein in crypto.

Coinbase Global Inc. and Coinbase Inc. have secured a significant legal victory as the Vermont Department of Financial Regulation officially rescinded its Show Cause Order against the cryptocurrency company. The decision, issued on March 13, follows a motion from the department’s Securities Division, which cited the recent dismissal of a similar federal case. The order, originally issued on June 6, 2023, had questioned whether Coinbase’s staking services violated Vermont’s securities laws.

https://news.bitcoin.com/coinbase-scores-big-as-vermont-drops-case-is-this-the-end-of-staking-crackdowns/