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California Crypto Users Lose $110M in Rewards Due to Ban.
ByAinvest
Monday, Dec 15, 2025 7:51 pm ET1min read
California lost $110M in crypto rewards since 2023 due to a ban on retail staking. Coinbase launched a campaign to lift the ban, urging the state to end the "misguided staking ban." The restriction prevents Californians from using Coinbase's staking service, while users in 46 other states can earn rewards without issue. The ban is rooted in a desist and refrain order issued by the California Department of Financial Protection and Innovation in mid-2023.
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