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California Crypto Users Miss $110M in Staking Rewards as Coinbase Pushes for Regulatory Clarity

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California crypto users have lost an estimated $110 million in staking rewards since Coinbase halted its staking services in the state in 2023. The user-friendly crypto exchange claims staking is not a security and no assets have been lost. Coinbase is pushing for California regulators to adopt a framework similar to 46 other U.S. states. As a global crypto platform, Coinbase is intensifying efforts to restore staking access, calling the ban costly and unnecessary.
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