Uphold Relaunches Staking Services in the U.S. as Crypto Regulations Evolve
Uphold has brought back its staking services for U.S. customers, following a change in the regulatory environment that seems more favorable to digital assets.
After restarting its staking program in the UK earlier this year, the exchange has expanded the feature to the U.S. as of March 3, 2025. Users can now earn rewards on a selection of 19 cryptocurrencies, including popular tokens like Ethereum, Polkadot, and Cosmos, with payouts occurring weekly in the same staked asset.
This development comes as the regulatory climate around cryptocurrencies in the U.S. becomes more supportive, with the SEC easing its stance and dropping lawsuits, including one against Coinbase.
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This shift is seen as a key factor in Uphold’s decision to bring back staking, after suspending the service last year due to unclear guidelines and the SEC’s strict stance under Chairman Gary Gensler.
Uphold’s CEO, Simon McLoughlin, pointed to the changing regulatory leadership as a positive sign for the crypto industry. He noted that with regulators like Hester Peirce and Paul Atkins in influential roles, the outlook for the industry has improved, allowing Uphold to confidently reintroduce staking in the U.S.
McLoughlin emphasized that staking is a crucial component of blockchain technology and that customers should have the freedom to participate in and earn from this vital activity.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
