California cryptocurrency users have missed out on approximately $110 million in staking rewards following Coinbase's suspension of its staking services in the state since 2023. Coinbase maintains that staking does not constitute a security and assures that no assets have been lost. The exchange is advocating for California to implement a regulatory framework akin to those in 46 other U.S. states. As a leading global crypto platform, Coinbase is actively working to reinstate staking services, describing the current ban as both costly and unnecessary.