SEC’s Crackdown On Crypto Staking Forces Bitstamp To End Service For US Clients

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Bitstamp, a leading cryptocurrency exchange, has announced the termination of its ether staking program for American clients starting next month. Bobby Zagotta, the U.S. CEO and global chief commercial officer of Bitstamp said, “Starting September 25, 2023, Bitstamp will no longer offer staking services in the United States.” He further clarified that this change would result in U.S. clients not receiving staking rewards, but other services provided by Bitstamp would continue as usual, The Block reported. This decision is a response to the evolving regulatory landscape in the U.S. The Securiti…

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