**Uphold Revives Staking Services in the U.S., Offering Rewards on 19 Cryptocurrencies Amid Evolving Regulatory Landscape**
Uphold, the cryptocurrency trading platform, has officially reinstated its crypto staking services in the United States, effective March 3, 2025. This exciting development allows Uphold users in the U.S. to once again stake and earn rewards on a diverse selection of 19 cryptocurrencies, including popular assets like Ether (ETH), Cosmos (ATOM), and Polkadot (DOT). This relaunch comes in response to a more favorable regulatory environment for digital assets in the U.S., marking a significant shift in the landscape.
The decision to reintroduce staking services is a direct result of evolving regulations in the U.S. Uphold CEO Simon McLoughlin explained that the company had to suspend its staking services in 2023 due to the uncertain regulatory climate at that time, particularly in light of the U.S. Securities and Exchange Commission’s (SEC) stringent approach to crypto services. During that period, the SEC had raised concerns about staking providers’ transparency regarding the protection of user assets, leading to penalties, such as Kraken’s $30 million fine for similar issues.
However, recent developments indicate a more welcoming attitude toward cryptocurrencies in the U.S. Changes in the presidential administration have positively influenced the regulatory landscape surrounding digital assets, creating an environment conducive for Uphold to reintroduce its staking services to U.S. users.
**Staking Returns with Weekly Rewards**
Starting March 3, Uphold’s U.S. customers will have the opportunity to stake their assets and earn weekly rewards in the same cryptocurrency they stake. This includes major cryptocurrencies such as ETH, ATOM, and DOT. The company had initially paused its staking service in the U.S. in 2023 due to regulatory pressures, as reported by ETHNews. This suspension occurred shortly after the SEC’s crackdown on staking activities, including actions against Kraken.
With the recent shift in the regulatory climate and clearer guidelines, Uphold is now well-positioned to restart this service, underscoring the significance of staking in blockchain governance and its economic relevance.
**SEC’s Regulatory Shift and Its Impact on Crypto Staking**
Uphold’s decision to relaunch its staking service in the U.S. is significantly influenced by recent actions from the SEC. The SEC’s choice to drop lawsuits against major crypto exchanges, including Coinbase, signals a notable shift. Uphold interprets this as an indication that the regulatory body is moving toward a more collaborative approach to cryptocurrencies. Leadership changes within the SEC, particularly the influence of figures like Hester Peirce and Paul Atkins—who are recognized for their understanding of the crypto space—have also contributed to a more optimistic outlook for the industry. McLoughlin emphasizes that these developments have fostered a more supportive environment for crypto initiatives, paving the way for Uphold’s renewed staking services.
