New Jersey drops Coinbase staking order ahead of crypto’s midterm test

Crypto Insight Summary: New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state. Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: New Jersey may revive regulatory certainty for Coinbase staking and broader crypto services.