Editor's PiCK
Vermont State Withdraws Lawsuit Against Coinbase Staking Service... "Expecting Regulatory Clarity"
Suehyeon Lee
Summary
- Vermont state announced that it has withdrawn the lawsuit related to Coinbase's staking service.
- This was described as a decision that clearly establishes that staking services are not securities.
- It was emphasized that now is the right time for Congress to develop legislation reflecting innovative technologies such as digital assets and staking.
The state of Vermont has officially withdrawn its lawsuit against Coinbase regarding its staking service.
On the 14th (local time), Paul Grewal, Chief Legal Officer (CLO) of Coinbase, stated, "The state of Vermont has withdrawn its lawsuit related to Coinbase's staking service. This is a decision that clearly establishes that staking services are not securities."
He emphasized that "other states should also refer to Vermont's decision." He added, "Now is the perfect time for Congress to develop comprehensive legislation that reflects innovative technologies like digital assets and staking, as bipartisan consensus is being reached in both the House and Senate."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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