Coinbase Hit With ‘Show Cause’ Order from Alabama Regulator Right After SEC’s Lawsuit

Coinbase Hit With 'Show Cause' Order from Alabama Regulator Right After SEC's Lawsuit

The ASC action doesn’t forbid Coinbase from offering staking as a service as long as it complies with the law, but the order itself was the result of a task force of ten state securities regulators in the U.S., namely Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin.

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