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Coinbase CEO: There are still 5 states suing Coinbase collateral service, Maryland loses $8 million reward

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2025-12-10 02:15:19
Coinbase CEO Brian Armstrong tweeted that ten states had filed lawsuits against Coinbase's pledge service at the beginning of the year, and only five states are still litigating.
Maryland is one of the few states to ban Coinbase outright. Maryland residents lost about $8 million in rewards, and the losses are mounting.
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