Coinbase says only 5 of 10 states remain in staking lawsuit

Coinbase CEO Brian Armstrong stated on X that of the 10 U.S. states that sued the company over its staking services earlier this year, only five now remain. He highlighted the situation in Maryland, where a complete ban on staking has prevented the payout of $8 million in rewards to local users. Armstrong added that the total amount of damages is continuing to increase.