Coinbase News: Vermont Drops Crypto Staking Case, Marking Another Legal Victory for Coinbase

Coinbase has achieved another significant legal milestone, as the U.S. state of Vermont has dropped its case against the crypto exchange regarding its staking services. This decision follows the SEC’s dismissal of a related case, further solidifying Coinbase’s position in the crypto market.

Vermont Drops Crypto Staking Case Against Coinbase

Crypto exchange Coinbase has scored another major victory in its legal battles, as U.S. state Vermont dropped its case against the exchange over its staking services. Coinbase’s Chief Legal Officer, Paul Grewal, celebrated Vermont’s decision, calling it a sign of ’progress.’ He urged other states still pursuing similar actions to follow Vermont’s lead. The decision follows the U.S. Securities and Exchange Commission’s (SEC) decision to dismiss its own case against Coinbase just weeks earlier, pointing to a shift in the regulatory aspects.

ARK Invest Adds $80M in Bitcoin

ARK Invest demonstrated its continued confidence in Bitcoin by acquiring 997 BTC, valued at $80 million, through Coinbase on March 13, 2025. The firm made two separate transactions, each including approximately 498 BTC and 499 BTC, respectively. This move signals strong bullish sentiment despite recent market volatility. BTC’s price fluctuated between $78,000 and $84,200 during this period.