The Alabama Securities Commission has dismissed its lawsuit against Coinbase, which had accused the cryptocurrency exchange of violating securities laws by offering staking services. This decision follows a positive trend, as half of the US states that previously filed lawsuits against Coinbase have now withdrawn their claims. The primary reason cited for this dismissal is the ongoing collaboration between the US Securities and Exchange Commission (SEC) and the crypto industry to establish clearer regulatory frameworks for cryptocurrency products and services. Notably, the Alabama Securities Commission, alongside regulators from nine other states, filed the lawsuit in June 2023. As of April 2025, five of the ten states have dropped their litigation against Coinbase. Coinbase's Chief Legal Officer, Paul Grewal, emphasizes the need for regulatory clarity, stating that while some states still pursue litigation, they risk wasting taxpayer resources and depriving consumers of staking options.

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