Coinbase Case: Alabama Drops Enforcement Action, Signaling Progress in Crypto Legal Battles

A significant milestone has been reached in the ongoing legal battle between Coinbase and U.S. state regulators. The Alabama Securities Commission has officially withdrawn its enforcement action against Coinbase regarding the company’s staking program, marking a major step towards resolving these disputes. This move reduces the number of states actively pursuing legal action against Coinbase from ten to five, effectively halving the total lawsuits in just two months.