Coinbase News: Major Legal Wins and Regulatory Clarity for Crypto Exchanges

Coinbase vs. SEC: Great Legal Victory

Recently, Coinbase won a significant court case against the SEC, a government agency that regulates investments and securities. The SEC claimed Coinbase was offering crypto assets and trading services that should’ve been registered as securities. This case was important as it clarifies the regulatory landscape for crypto exchanges and assets.

Kentucky Drops Coinbase Staking Lawsuit, Passes Bitcoin Rights Bill

Kentucky has agreed to dismiss its lawsuit against Coinbase over its staking service without prejudice. The move adds Kentucky to the list of states, including Vermont and South Carolina, that are dropping legal action against Coinbase. Coinbase is one of the biggest staking-as-a-service operators in the US, with 3.84 million ETH staked and 120,000 validators under its control. Staking has attracted concerns from regulators for years, with some exchanges facing fines for offering the service.