Vermont Drops Case Against Coinbase: A Step Toward Crypto Clarity

In a notable move for the crypto world, Vermont has decided to drop its legal case against Coinbase, reflecting the earlier decision by the SEC. The case revolved around Coinbase's staking services, which were accused of violating securities laws by being offered without a license. This news marks a shift towards clearer regulations and federal guidance for digital assets. As Coinbase’s legal officer @iampaulgrewal remarked, it's a progressive step, underscoring staking services aren't securities. It's a call for Congress to create comprehensive crypto legislation.