Coinbase CLO Slams State Agencies Over Crypto Staking Crackdown Despite CLARITY Act

As the crypto industry rejoices over the GENIUS Act’s passage, Coinbase Chief Legal Officer Paul Grewal shifts focus to a critical concern—state agencies’ refusal to acknowledge the CLARITY Act’s crypto staking guidance. Despite the CLARITY Act’s clear stance on staking-as-a-service as a non-security, several state agencies continue to pursue claims against crypto firms. This discrepancy has prompted Grewal to advocate for a more unified regulatory approach.