Mars Finance News, on April 27, Coinbase's Legal Vice President Paul VanGreck stated that the U.S. Securities and Exchange Commission (SEC) and the states of Illinois, Kentucky, South Carolina, Vermont, and Alabama have withdrawn their lawsuits against Coinbase's staking services. Currently, California, New Jersey, Maryland, and Wisconsin have not yet withdrawn their lawsuits. VanGreck estimated that residents of these states have lost over $90 million in staking rewards since June 2023. Coinbase calls for an immediate end to the suppression of its staking business.
Coinbase says state lawsuits are preventing users from accessing more than $90 million in staking rewards
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