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Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit

Summary by Cointelegraph

Kentucky’s financial watchdog has become the third state regulator in a month to drop a lawsuit against Coinbase over its crypto staking rewards program.

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Tron Weekly Journal

Kentucky Drops Lawsuit Against Coinbase, Joining Vermont And South Carolina

Kentucky dropped its lawsuit against Coinbase on April 1, following similar moves by Vermont and South Carolina. Governor Andy Beshear signed House Bill 701 on March 24, backing Bitcoin rights and staking protections. Kentucky may invest 10% of excess reserves in crypto, joining other crypto-forward U.S. states. Just a week after signing a major pro-crypto bill into law, Kentucky has stepped back from its legal fight with Coinbase. The state’s D…

11 hours ago

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Crypto Breaking News

Kentucky Teams Up with Vermont and South Carolina in Withdrawal of Coinbase Staking Lawsuit

Kentucky Drops Lawsuit Against Coinbase Staking Following Vermont and South Carolina The state of Kentucky has decided to withdraw its legal action against Coinbase over its staking service, following the lead of Vermont and South Carolina. This move reflects a broader trend of states regulating or challenging cryptocurrency-related activities. The lawsuit, initially filed in May, alleged that Coinbase’s staking feature violated state securities…

18 hours ago

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World NEWS Live

Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit - WorldNL Magazine

Kentucky’s Department of Financial Institutions is the third state-level regulator in the past month to drop its action over Coinbase’s staking rewards. Kentucky’s finance watchdog has dismissed its lawsuit against Coinbase over the exchange’s staking rewards program, following its peers in Vermont and South Carolina.Kentucky’s Department of Financial Institutions filed the stipulation to dismiss jointly with Coinbase on April 1, ending the stat…

19 hours ago

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Cointelegraph

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TheSpuzz

Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit

Kentucky’s financial watchdog has become the third state regulator in a month to drop a lawsuit against Coinbase over its crypto staking rewards program.

19 hours ago

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MaxBit

Coinbase: Kentucky dismisses the lawsuit on staking – MAXBIT

The Kentucky has officially closed the legal proceedings against Coinbase related to the staking services offered by the exchange. With this decision, the State joins Vermont and South Carolina in withdrawing the legal actions taken in recent months, confirming a trend reversal in state policies towards greater openness to the crypto sector. The decision was...

1 day ago

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cryptotale.org

Coinbase Wins Legal Victory as Kentucky Drops Staking Case

Kentucky, Vermont, and South Carolina drop Coinbase staking lawsuits, easing regulations. Coinbase calls for federal regulation after Kentucky drops its staking lawsuit. Kentucky’s new crypto law supports staking and mining, ensuring clearer digital asset rules. Kentucky filed a joint dismissal that ended its lawsuit against Coinbase, with the state changing its stance on cryptocurrency staking services. A joint dismissal submitted by the Kentuc…

1 day ago

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