Uphold Restores Crypto Staking Features to US Customers After Regulatory Pause – CryptoNinjas
The post Uphold Restores Crypto Staking Features to US Customers After Regulatory Pause – CryptoNinjas appeared on BitcoinEthereumNews.com.
Key Takeaways: Staking is back: Uphold has restarted its crypto staking service in the United States. Reasoning: This decision is driven by a perceived change in the US regulatory environment with respect to crypto. Impact: It may boost user participation and demonstrate confidence in the US crypto market. Global cryptocurrency exchange Uphold has now officially marked the relaunch of its crypto staking services in the US. It is a major strategic shift for the company, which had previously suspended the service in 2023 over regulatory uncertainty. The move comes at a time when many believe the regulatory climate in the US is less antagonistic to digital assets. Why the Relaunch? The Evolving Landscape of Crypto: A Look Back There are a number of reasons behind this decision to reintroduce staking for its US customers. The changing view of US regulators toward the cryptocurrency industry may be the most important thing. Easing Regulatory Pressure: The US SEC seems to be taking a less aggressive stance, as even one of the SEC’s multiple high-profile cases on crypto companies was dropped (including against Coinbase, a major US-based exchange). Whether a genuine change of heart or merely a change in strategy, this pivot affords at least a little breathing room for crypto businesses operating in the US. While the SEC remains focused on the crypto industry, the relaxed attitude is welcomed. Crypto-Savvy Regulators Emerge: Crypto-favorable regulations have indeed been a big factor, with Uphold naming those with deeper knowledge of blockchain tech in government as significant. The company lauded names such as Hester Peirce, one of the few crypto supporters inside the SEC, and Paul Atkins, an early candidate to be the next Chair of the SEC, implying that crypto regulation will be better grounded in reality moving forward. It’s a shrewd vote of confidence for people they believe understand the aligned technology beyond whatever potential risks. Positive…
Filed under: News - @ March 3, 2025 9:22 am