U.S. stocks gainedWednesday as President Donald Trump signaled a softer stance 
on Chinese tariffs and Federal Reserve Chair Jerome Powell, easing investor 
concerns that had rattled markets in recent weeks. The Dow Jones Industrial 
Average rose 419 points, or 1.07%,…

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AVAX has recently broken free from months of bearish control, showing signs of 
a bullish reversal that could signal a significant shift in its macro price 
structure. After spending a considerable amount of time under the pressure of 
a descending…

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The Alabama Securities Commission, a financial regulator for the US state, 
dropped its lawsuit against crypto exchange Coinbase, which accused the 
company of violating securities laws by offering staking services to clients.
The regulator cited the ongoing work between the US Securities and Exchange 
Commission (SEC) and the crypto industry to develop clear crypto regulations 
as the primary reason for dropping the litigation, according to the April 23 
legal filing shared by Coinbase&#8217;s chief legal officer, Paul Grewal.
The filing read:
&gt; &#8220;The SEC has announced the formation of a new task force to, among other 
&gt; things, provide guidance for the promulgation of rules regarding the 
&gt; regulation of cryptocurrency products and services.&#8221;
&#8220;Due to the foregoing, the Commission believes it would be apt to allow 
policymakers time to consider regulatory constructs,&#8221; the filing continued.
The Alabama Securities Commission filed its lawsuit against Coinbase in June 
2023, alongside state regulators from California, Illinois, Kentucky, 
Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin.
_The Alabama Securities Commission dismisses its 2023 lawsuit against 
Coinbase. Source:__Paul Grewal_
The Commission&#8217;s dropped lawsuit reflects the positive regulatory shift toward 
cryptocurrencies in the United States as reform at the federal level 
matriculates into state-level regulatory policy.
_**Related:**__**Oregon targets Coinbase after SEC drops its federal 
lawsuit**_
## US states drop Coinbase lawsuit but half still holding out
Five of the 10 states that filed the litigation against Coinbase for its 
staking services have dropped their lawsuits.
On March 13, Vermont&#8217;s Department of Financial Regulation became the first of 
the 10 state regulators to drop the staking lawsuit against Coinbase.
South Carolina&#8217;s securities watchdog was the next to drop the 2023 litigation 
against Coinbase, dismissing the lawsuit on March 28.
Grewal announced that Kentucky&#8217;s Department of Financial Institutions followed 
Vermont and South Carolina&#8217;s lead on April 1 by also dismissing its Coinbase 
lawsuit.
Despite the domino effect of states rescinding litigation against the crypto 
exchange, the Coinbase chief legal officer said that more work needs to be 
done.
&#8220;Five holdouts are still electing to waste taxpayer resources on lawsuits, and 
four of those have banned staking with Coinbase, depriving consumers of the 
right to earn on their platform of choice,&#8221; Grewal wrote in an April 23 X 
post.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

Alabama drops staking lawsuit against Coinbase

Two suspects tied to a South American cargo theft ring were arrested after Los 
Angeles police recovered over $3.9 million in stolen goods—including $2.7 
million worth of Bitcoin mining computers intercepted at LAX. Detectives from 
the LAPD’s Cargo Theft Unit,…

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Ledger users will now be able to spend token balances in their hardware wallet 
anywhere in the world.

Cryptocurrency price in TRY