{"id":154007,"date":"2025-03-28T17:00:10","date_gmt":"2025-03-28T15:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154007"},"modified":"2025-03-28T15:54:16","modified_gmt":"2025-03-28T13:54:16","slug":"coinbase-resumes-staking-in-south-carolina-after-lawsuit-dropped","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-resumes-staking-in-south-carolina-after-lawsuit-dropped\/","title":{"rendered":"Coinbase Resumes Staking in South Carolina After Lawsuit Dropped"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/x.com\/iampaulgrewal\/status\/1905359385649435121\" target=\"_blank\" rel=\"nofollow\">shift<\/a><\/strong> has led to the resumption of staking activities within the state, which, according to Coinbase\u2019s Chief Legal Officer Paul Grewal, means South Carolina residents could reclaim approximately $2 million in staking rewards that were previously blocked by the lawsuit.<\/p>\n<p>Grewal also praised the decision, advocating for clear regulations and protections for the millions of crypto owners across the U.S.<\/p>\n<p>The state\u2019s retreat from the case follows the SEC\u2019s decision to dismiss its own lawsuit against Coinbase last month, which had been filed in 2023. The legal challenge from the SEC sparked a wave of lawsuits from several states, including California, Maryland, and Alabama, who pursued their own legal actions against the prominent exchange.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/french-bank-launches-e25-million-fund-to-support-emerging-cryptocurrencies\/\" title=\"French Bank Launches \u20ac25 Million Fund to Support Emerging Cryptocurrencies\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/france-flag-2-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">French Bank Launches \u20ac25 Million Fund to Support Emerging Cryptocurrencies<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>While some states have already dismissed their cases, it remains unclear whether the SEC\u2019s change of heart will influence other states to follow suit.<\/p>\n<p>Originally, the SEC had argued that Coinbase needed to register its staking services, but with the agency\u2019s evolving focus on crypto, it seems likely that future regulatory guidance will be issued on staking activities.<\/p>\n<p>As part of a broader effort to shift away from former Chair Gary Gensler\u2019s controversial policies, the SEC also dismissed cases against other companies like Kraken, ConsenSys, and Cumberland. The outcome could pave the way for a more favorable regulatory environment for crypto exchanges and their users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Carolina has reversed its stance and dropped the legal action against Coinbase over staking, a move that mirrors Vermont\u2019s recent decision.<\/p>\n","protected":false},"author":3,"featured_media":74194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-154007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Resumes Staking in South Carolina After Lawsuit Dropped<\/title>\n<meta name=\"description\" content=\"South Carolina has 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