Crypto exchange Uphold has relaunched its staking services for US users.
Uphold noted that a change in the US regulatory scene was behind this move.
Uphold Relaunches Staking Services as Crypto Regulations Evolve
From March 3, U.S users can receive staking benefits on supported assets. Interestingly, Uphold has also relaunched its staking services for UK users. The exchange appears comfortable with the evolving pace of crypto regulations.
⌚️ You’ve been patient.
🎁 Now is the time to be rewarded.
🇺🇸 Staking is back on Uphold for U.S. residents.
🪙 19 assets are available to stake immediately, including favorites like $HBAR, $ADA, $SOL, $ETH, and $DOT.
🔎 Learn more: https://t.co/H0YpOfkPsW
👇 Get started.
— Uphold (@UpholdInc) March 3, 2025
In the US, for example, crypto regulations have taken a softer approach. The SEC, which was behind multiple enforcement actions against crypto firms, has now embraced a more progressive stance. The agency has also dropped several cases against crypto firms.
Trump’s Crypto Reserve Priority Signals Shift in US Regulation
President Trump has also identified a crypto reserve as a priority. These are all welcomed developments for crypto enthusiasts. Under the Biden administration, crypto firms struggled due to the lack of regulatory clarity.
🇺🇸 Trump has called for a working group to advance a Crypto Strategic Reserve, adding $XRP, $SOL, $ADA, $BTC & $ETH.
📈 Prices spiked before cooling off as traders processed the news.
💬 Do you believe the W.H. Crypto Summit on March 7th will bring real policy clarity?
— Uphold (@UpholdInc) March 5, 2025
Platforms like Uphold halted their staking services to avoid breaking US laws. Uphold CEO Simon McLoughlin said of the regulatory climate in the U.S, “Back in 2023, SEC Chair Gary Gensler said that most staking providers failed to provide customers with proper disclosures, such as how a company is protecting a user’s staked assets.”
A More Crypto-Friendly Regulatory Climate
Now, Uphold believes the environment has shifted in favor of digital assets. According to McLoughlin, changes in US leadership have brought a more balanced approach to crypto policy. He highlighted key figures such as SEC Commissioner Hester Peirce and former SEC official Paul Atkins as playing huge roles in shaping a more informed stance on crypto regulation.
What a long way we’ve come in the United States in three months.
On Sunday, President Trump announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies.
The previous week, the SEC dropped its case against Coinbase and… pic.twitter.com/qS6GJI10tc
— Simon McLoughlin (@SMcLoughlin00) March 3, 2025
He said, “Staking is a vital part of blockchain governance and economy. Users should be able to support this activity and earn from that support. And with the new blockchain-forward environment in the US, we’re delighted to offer staking services to our US customers once again.”
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