TLDR
- Cryptocurrency exchange Uphold restarts US staking after 2-year suspension
- Platform now supports 19 cryptocurrencies with weekly reward payments
- Decision follows major shifts in SEC’s approach to crypto regulation
- New regulatory leadership cited as key factor in service revival
- Program initially halted in 2023 due to SEC enforcement concerns
Cryptocurrency exchange Uphold announced the relaunch of its staking services for United States customers on March 3, 2025. The platform returns after a two-year absence from the US market.
The revamped staking program allows US users to earn rewards across 19 different cryptocurrencies. Users can now stake popular digital assets including Ethereum, Cosmos, and Polkadot.
Uphold’s new program features weekly reward distributions. Each payout arrives in the same cryptocurrency that users choose to stake.
The move follows the company’s successful reintroduction of staking services in the United Kingdom. Uphold resumed UK operations in February 2025.
The exchange originally suspended its US staking program in 2023. This decision came as a response to mounting regulatory pressure from the Securities and Exchange Commission.
Former SEC Chair Gary Gensler had expressed concerns about staking services. His focus centered on what he considered insufficient disclosure practices regarding user asset protection.
Market Evolution
The regulatory climate has transformed since Uphold’s initial withdrawal. The SEC has dropped several high-profile cases against crypto companies.
Among these cases was the SEC’s action against Coinbase. The dismissal of this case helped create a more welcoming environment for staking services.
Simon McLoughlin, Uphold’s CEO, points to changing leadership at the SEC. He specifically mentions Hester Peirce’s role leading the SEC’s crypto task force.
The anticipated appointment of Paul Atkins as SEC Chair has also influenced the decision. McLoughlin sees these changes as evidence of increased crypto understanding among regulators.
Uphold’s return marks a shift from the 2023 regulatory environment. That year saw Kraken pay a $30 million fine over its staking offerings.
The new program emphasizes transparency and compliance. Uphold has structured its service to align with current regulatory expectations.
Users now have access to detailed staking information. The platform provides clear terms for each supported cryptocurrency.
McLoughlin believes staking serves an essential role in blockchain networks. He emphasizes the importance of allowing users to participate in network support.
The platform now offers varying reward rates across different assets. Each cryptocurrency maintains its own specific staking requirements and benefits.
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