https://www.theblock.co/post/239734/coinbase-users-in-four-states-will-no-longer-be-able-to-stake-additional-assetCoinbase said retail clients in four states will no longer to be able to add new assets to its staking product while numerous legal proceedings carry on.
Ten states — including Alabama, California, and New Jersey — filed actions against the exchange to halt its staking program within their jurisdictions on the heels of the Securities and Exchange Commission's lawsuit against the firm in June.
The SEC and several states argue that the product constitutes a unregistered security offering. Coinbase claims staking is not a security, maintaining that it is a "core part of ensuring the cryptoeconomy functions for hundreds of millions of users around the globe."