Oh, the times they are a-changin’! Uphold, that dashing cryptocurrency exchange, has swept back into the US with its staking services, all thanks to a rather pleasant shift in regulatory attitudes. 🌊🏦
After a rather British resumption of crypto staking in February, dear Uphold has now sashayed back into the American limelight, as announced to CryptoMoon on a rather uneventful Monday, March 3. 🇬🇧➡️🇺🇸
As of March 3, 2025, our dear American friends can once again bask in the glory of earning staking rewards on a delightful array of 19 crypto assets. Imagine, Ether (ETH), Cosmos (ATOM), and Polkadot (DOT) all lined up for your weekly pleasure, paid out in the very cryptocurrency you’ve staked. How utterly convenient! 💰
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McLoughlin reminiscently shuddered at the memory of massive fines, like Kraken’s $30 million penalty, which sent many an exchange scurrying to halt their staking services. 🏦💔
“We at Uphold decided it was best to bid adieu to staking, at least for a spell,” McLoughlin quipped.
Uphold Applauds the Crypto-Savvy Gentry in the US
McLoughlin declares the legal ecosystem around crypto in the US has experienced a “jolly good transformation” with the new administration, where “common sense” has finally taken center stage. 🎩✨
“It’s a delight to see the likes of Hester Peirce and Paul Atkins taking the reins at the SEC, finally giving crypto the understanding it so deserves,” McLoughlin beamed, adding:
“Staking, my dear friends, is the very lifeblood of blockchain governance. Our users must be able to partake and profit! And with the US’s newfound embrace of all things blockchain, we’re simply tickled to offer staking once more.” 🚀🌟
McLoughlin also hints that the SEC’s decision to drop lawsuits against Coinbase has been rather encouraging. 💡
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2025-03-03 10:15