Bitstamp halts ether staking for US customers amid regulatory concerns

In a recent development that underscores the evolving landscape of cryptocurrency regulations in the United States, Bitstamp, one of the world's leading cryptocurrency exchanges, has announced that it will cease its ether (ETH) staking services for US-based customers by September 25, 2023.

Timeline of Ethereum

One of the oldest crypto exchanges Bitstamp announced that it would discontinue ETH staking services for US customers starting September next month. The development comes amid the crackdown by the US Securities and Exchange Commission (SEC).

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Bitstamp, a long-standing cryptocurrency exchange, has announced its decision to discontinue Ethereum (ETH) staking services for its U.S. customers, effective September 25. The move comes as regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) intensifies around staking offerings in the crypto industry.

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Crypto exchange Bitstamp will end Ethereum (ETH) staking services for U.S. customers within a month, according to a statement on Aug. 23. The company said: “Customers will continue earning staking rewards up until [Sept.

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