SEC Crackdown Spurs Bitstamp to Stop US Crypto Staking Service
- Bitstamp will discontinue staking services from Sept. 25
- SEC crypto clampdown views staking as unregistered security
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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 US Chief Executive Officer Bobby Zagotta said in a statement. The move takes effect on Sept. 25, he added.