SEC Crackdown Spurs Bitstamp to Stop US Crypto Staking Service

08/24/2023 10:21
SEC Crackdown Spurs Bitstamp to Stop US Crypto Staking Service

Bitstamp, one of the oldest digital-asset exchanges, will discontinue staking services in the US amid a crackdown on the product by the Securities and Exchange Commission.

Bitstamp, one of the oldest digital-asset exchanges, will discontinue staking services in the US amid a crackdown on the product by the Securities and Exchange Commission.

The decision was made in the light of “current regulatory dynamics” in the US, Bistamp’s national Chief Executive Officer Bobby Zagotta said in a statement. The move takes effect on Sept. 25, he added.

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