

Is Your State Stealing Your Crypto? $90M Staking Scandal!
How are you truly free if your state is telling you what you’re allowed to do with your hard-earned money. Think about it. We love independence, we love side hustles, and we love building wealth. Now, unelected bureaucrats feel that they know better than you how to manage your digital assets. That’s not just hypocritical, that’s theft, plain and simple.
Financial Freedom Under Attack?
Coinbase displays that only residents in four states—California, Maryland, Wisconsin, and New Jersey—have been left behind. Together, they would’ve been able to generate a mind-bending $90 million in lost staking rewards! That's your money, folks. Money that could be paying off student loans, funding a small business, or just giving you a little breathing room in this increasingly insane economy.
All because some state attorney general—likely ignorant of how crypto works—determined that staking is too much risk for you? This has nothing to do with protecting consumers, it’s about (control). It’s about the establishment protecting its turf and choking new ideas in the crib. It’s the same as someone dictating what kind of car you should be allowed to drive. It’s just like letting municipalities limit you to one brand of coffee. It's none of their business.
This isn't some abstract legal battle. This is about your financial future. That’s because it’s your right to determine the future of finance. Don’t sit on the sidelines because some elite, out-of-touch politicians want you to!
Staking Bans = Digital Redlining?
Think about redlining. Historically, banks intentionally and unlawfully pushed loans and services away from entire communities, often determined by where people lived, which was frequently dictated by race. It was an open, unabashed, and unapologetic effort to suppress everyone from making it.
Are these staking bans any different? They mismatch the most, coming down hardest on younger, more tech-savvy users who are taking concerted efforts to build wealth beyond the traditional financial system. They’re a modern-day version of digital redlining, shuttering access to game-changing financial tools and deepening our nation’s divide as a result.
Shortly thereafter, the SEC dropped its lawsuit against Coinbase “with prejudice,” with many states following suit. What does that tell you? That’s just the sort of thing that makes you realize, deep down, that these lawsuits were bullshit from day one. And they were entirely informed by fear and misinformation, not any clear application of sound legal principles. As Paul VanGrack, Coinbase’s new VP of Legal has said, That’s exactly right. And, most importantly, he encourages the other states who haven’t yet joined the SEC to do so. So this isn’t really about Coinbase—this is about what kind of dangerous precedent the government is trying to set.
Let's be real. As for the states banning staking, those are likely the same states pulling their heels on other progressive matters. Yet they fight change tooth and nail. They hold on to regressive approaches and fight tooth and nail to defend the status quo. It's not a coincidence.
Time To Fight Back, Take Action!
This isn't a spectator sport. Your financial freedom is on the line. So, what can you do?
- Contact your state representatives. Flood their inboxes with emails and phone calls. Tell them you oppose the staking ban and demand that they drop the lawsuit.
- Sign petitions. There are likely already petitions circulating in your state. Find them and add your name. Every signature counts.
- Organize protests. If you're feeling ambitious, organize a protest in front of your state capitol. Make your voices heard.
- Spread the word. Share this article (and others like it) on social media. Use the hashtag #CryptoFreedomNow (or #[YourState]CryptoBan) to amplify your message.
- Support pro-crypto candidates. When you vote, support candidates who understand the importance of innovation and financial freedom.
Don't let your state steal your crypto. Don't let them dictate your financial future. Take action now, take to the streets, and take back your right to use your money as you choose. The future of finance is decentralized, and we are the ones who can and must ensure it remains so. Your voice matters. Don't let it be silenced.
Don’t forget, this isn’t just about enriching Coinbase’s shareholders. It's about your economic empowerment. It's about the future of finance. It’s about if you’re courageous enough to get out there and actually fight for what’s rightfully yours. The time for complacency is over. The time for action is now.

Nguyen Thi Hanh
Cryptocurrency Writer
Nguyen Thi Hanh channels progressive, pragmatic views into high-energy, approachable crypto journalism, delivering confident, animated articles with regional and global relevance. Her optimistic, party-going spirit helps translate complex blockchain ideas into viral, visually engaging stories. Outside of writing, she enjoys urban food adventures and organizing community hackathons.