Alabama revokes enforcement action against Coinbase

Paul Grewal, Chief Legal Officer of Coinbase, stated on X platform, "We have made half of the progress: Alabama has just withdrawn its enforcement action against Coinbase - in just two months, the number of states filing such wrongful pledge lawsuits has decreased by half. There are still five states that choose to waste taxpayers' resources filing lawsuits, and four of them also prohibit staking on Coinbase, depriving consumers of their right to profit on the platforms they choose