Uphold Brings Back Staking for U.S. Investors – What It Means for the Crypto Market
U.S. crypto investors have something to celebrate as Uphold has officially reinstated its staking services, allowing users to earn passive income on their digital assets. Following the platform’s reintroduction of staking in the UK last month, the exchange has now expanded the service to American users starting March 3, 2025.
This move is a significant development, indicating that staking may be making a comeback in the U.S. crypto market after regulatory pushback from the SEC.
Stake & Earn Rewards on 19 Cryptocurrencies
Uphold's staking program allows investors to stake 19 different cryptocurrencies and receive weekly rewards based on their holdings. Some of the most notable assets available for staking include:
- Ethereum (ETH)
- Cosmos (ATOM)
- Polkadot (DOT)
By reintroducing staking, Uphold is providing an alternative way for investors to earn yield, making it a potential game-changer for long-term crypto holders.
Why Is Uphold Relaunching Staking in the U.S. Now?
The decision to bring back staking in the U.S. comes after changes in the regulatory environment.
The SEC (Securities and Exchange Commission) previously took a strict stance on staking, arguing that exchanges were not being transparent about how they managed users' funds. This led to lawsuits against major players like Coinbase and Kraken, forcing many platforms to halt their staking services.
However, recent developments suggest a shift in regulatory pressure. The SEC has begun stepping back from its lawsuits, allowing platforms like Uphold to confidently resume staking services.
According to Uphold CEO Simon McLoughlin, the SEC’s approach to staking appears to be evolving. He pointed out that in 2023, SEC Chairman Gary Gensler criticized staking providers for lacking transparency, leading Uphold to pause its staking services.
Now, with greater regulatory clarity, Uphold is bringing staking back—and this time, it could be permanent.
What Does This Mean for the Crypto Market?
Uphold's decision to reintroduce staking is a positive signal for the U.S. crypto industry. With exchanges regaining confidence and regulators easing restrictions, other platforms could soon follow Uphold’s lead.
If this trend continues, staking in the U.S. could see a major revival, giving investors more ways to generate passive income from their holdings.
🚀 Key Takeaways:
✔ Uphold has resumed staking for U.S. users, offering rewards on 19 cryptocurrencies.
✔ The SEC appears to be softening its stance on staking, leading to renewed opportunities.
✔ This could mark a turning point for the U.S. crypto industry.
✔ More exchanges may reintroduce staking in the coming months.
Is this the start of a new era for staking in the U.S., or just a temporary shift? Stay tuned—CryptoFrontiers will keep you updated. 🚀🔥
