According to ChainCatcher's message, Coinbase's Chief Legal Officer Paul Grewal tweeted that the Vermont Department of Financial Regulation has officially withdrawn the subpoena against Coinbase regarding its Staking services for cryptocurrencies.
According to the official document released on March 13, the decision to withdraw the subpoena does not affect the possibility of future legal action. The document shows that the main reasons for Vermont's decision to withdraw the subpoena include the SEC's withdrawal of similar allegations against Coinbase in the Southern District of New York, and the SEC's establishment of a new working group to develop regulatory rules for cryptocurrencies. Coinbase welcomed this and called on Congress to pass comprehensive cryptocurrency legislation, while also encouraging other states to follow Vermont's decision.
