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Regulation
New Jersey Drops Staking Cease-and-Desist Order Against Coinbase
(22 hours ago) · 1 source · Summarized by CryptoBipto
New Jersey has withdrawn its cease-and-desist order against Coinbase related to the exchange's staking services. The move comes as the broader regulatory landscape around crypto continues to evolve ahead of upcoming political developments.
WHY IT MATTERS
Staking is a process where crypto holders lock up their tokens to help secure a blockchain network and earn rewards in return — somewhat like earning interest on a savings account.
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SOURCES
- cointelegraph.com
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