In June 2023, 145,270 New Jersey residents were using Coinbase's staking service when the New Jersey Bureau of Securities alleged that the service constituted an unregistered security

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SVRN CEO Sal Ternullo said NEAR Protocol staking yields are expected to fall from approximately 5.27% gross to 3.37% as new token emissions decrease

Proposal HSP-029 maintains NEAR Protocol's split of newly issued tokens, directing 90% to stakers and 10% to the protocol treasury, with no added spending or validator subsidies

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Acting Bureau Chief Keith A. Alt signed an order rescinding the cease-and-desist order and $5 million penalty against Coinbase's staking service without prejudice

Coinbase Chief Legal Officer Molly Abraham stated that New Jersey users missed millions of dollars in staking rewards over three years, while Coinbase previously estimated those missed state rewards at over $15 million

In its October 29, 2026 quarterly filing, Coinbase warned that losing its remaining state-level enforcement cases in California, Maryland, Wisconsin, and Washington could materially hurt its business

The U.S. Securities and Exchange Commission agreed in February 2025 to drop its federal lawsuit against Coinbase regarding the exchange's crypto staking service

State securities regulators in Alabama, Illinois, Kentucky, South Carolina, and Vermont dropped their respective regulatory actions against Coinbase's staking service during 2025

California led a ten-state regulatory task force behind the 2023 staking enforcement actions against Coinbase, which affected over 600,000 accounts held by California residents

Coinbase Chief Executive Officer Brian Armstrong stated that New Jersey users will regain access to Coinbase's crypto staking service very soon following the state's October 30, 2026 order rescission

In May 2025, U.S. Securities and Exchange Commission staff issued non-binding guidance stating that protocol staking generally does not involve securities, though Commissioner Caroline Crenshaw publicly dissented from that position

California, Maryland, and Wisconsin continue to enforce agreements barring Coinbase from offering new staking services, while Washington state maintains an active regulatory enforcement action seeking a $4 million fine

Operating without central control can qualify a cryptocurrency as a digital commodity rather than a security, subjecting it to different regulatory requirements

In April 2025, Coinbase estimated that its users across multiple U.S. states had missed out on $90 million in staking rewards due to state-level regulatory restrictions

Coinbase estimates that California users have missed out on more than $89 million in staking rewards since state regulatory restrictions took effect in 2023

Coinbase attributed $111.8 million of its third-quarter 2026 blockchain rewards revenue decline to lower Solana and Ethereum prices, with lower reward rates accounting for an additional $18.9 million drop

Coinbase reported in its October 29, 2026 third-quarter filing that blockchain rewards, primarily from staking, generated $85.7 million, representing a 54% decrease from $184.6 million in the third quarter of 2025

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DSJ Exchange Pty Ltd. renamed itself Horizon Crest Capital

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The SEC charged BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. with running a $130 million crypto investment fraud

Binance-affiliated entities filed a lawsuit in August 2026 seeking nearly $473 million in damages from RedotPay's founders over alleged misuse of confidential business data to divert 470,000 customers.

The Securities and Exchange Commission charged BG Wealth Sharing Ltd. with violating the Investment Advisers Act of 1940 and seeks an order barring it from filing future Forms ADV as an exempt reporting adviser.