Coinbase, the leading digital assets exchange in the US, disclosed that residents in five states have missed out on over $90 million in potential staking rewards since June 2023. The exchange attributed the missed earnings to legal actions against its staking services in these states. Coinbase called on California, New Jersey, Maryland, Wisconsin, and South Carolina to remove restrictions, aligning with the SEC. Several states have already lifted similar restrictions. The SEC dropped its enforcement action against Coinbase earlier this year, prompting some states to withdraw their actions. Coinbase criticized the remaining states for outdated bans, warning of growing financial impact on residents. The exchange highlighted consumer harm and regulatory uncertainty, urging states to modernize crypto regulations for a safer, more competitive economy. Read more AI-generated news on: https://app.chaingpt.org/news

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