Paul Grewal, Chief Legal Officer of Coinbase, tweeted that the financial regulatory authority in Vermont, USA, has officially lifted the inquiry order against Coinbase regarding its cryptocurrency staking services. According to the official document released on March 13th, the revocation decision does not affect possible further legal actions in the future. The documents show that the main reasons for Vermont's decision to revoke the inquiry order include the SEC's dismissal of similar charges against Coinbase in the Southern District of New York Federal Court, and the SEC's establishment of a new working group to develop cryptocurrency related regulatory rules. Coinbase welcomes this and calls on Congress to pass comprehensive cryptocurrency legislation, while encouraging other states to follow Vermont's decision.
