A staking pause across a few states shows Coinbase still has regulatory risk, according to Berenberg.
Equity analysts at Berenberg Capital Markets say that Coinbase’s suspension of staking in four states could open the door to scrutiny over its so-called Earn product.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
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.
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