Coinbase Says New Jersey Users Can Resume Staking as Regulator Rescinds 2023 Cease-and-Desist Order

The state’s Bureau of Securities withdrew the order without ruling on its merits, and Coinbase’s Molly Abraham named four more states as “next.” New Jersey’s securities regulator has rescinded the cease-and-desist order it issued against Coinbase in 2023 over the exchange’s staking program, according to a notice of rescission dated Oct. 30 shared on Monday by Coinbase General Counsel Molly Abraham. The original order, entered June 6, 2023, against Coinbase Global, Inc.