New Jersey Lifts Coinbase Staking Ban After Three Years

• New Jersey's securities regulator has withdrawn a 2023 cease-and-desist order against Coinbase regarding staking services.
• The withdrawal ends a three-year standoff that cost New Jersey residents an estimated $15 million in forgone rewards.
• Coinbase can now restore staking access for users in New Jersey.
• The Bureau of Securities notice, dated Oct. 30, signed by Acting Bureau, officially lifted the ban.
• The lifting of the ban comes ahead of a significant test for the crypto industry.