[Coinbase CEO: Staking service still facing lawsuits in 5 states, Maryland residents lose $8 million] Coinbase CEO Brian Armstrong tweeted that at the beginning of the year, 10 states filed lawsuits against Coinbase's staking service, and now only 5 states remain in litigation. Maryland is one of the few states that has completely banned Coinbase's staking service, resulting in Maryland residents losing approximately $8 million in rewards, with losses continuing to grow.