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The CEO recalled massive staking-related fines by the SEC, including the Kraken’s $30 million penalty over its staking offering, which pushed many exchanges to halt staking services in the country.

“Back in 2023, SEC Chair Gary Gensler said that most staking providers failed to provide customers with proper disclosures, such as how a company is protecting a user’s staked assets,” McLoughlin said.

According to Uphold CEO Simon McLoughlin, the company rescinded staking in the US amid the lack of regulatory clarity and an arbitrary “regulation by enforcement” regime maintained by Gary Gensler-headed SEC.

Uphold’s staking return comes in response to softening crypto regulations in the US, with the Securities and Exchange Commission (SEC) dropping multiple crypto cases, including those against the US largest crypto exchange, Coinbase.

After resuming crypto staking in the United Kingdom in early February, Uphold has now relaunched the feature in the US, the firm said in an announcement shared with Cointelegraph on Monday, March 3.

Decentralizing communication networks such as the internet is not a theoretical concept — its usability has already been proven.

Every four years, the number of BTC mined per block, a bundle of transaction data stored on the blockchain, is reduced by half. The April event reduced mining rewards from 6.25 BTC to 3.125 BTC per block.

Blockchain security firms, including Arkham Intelligence, have identified North Korea’s Lazarus Group as the likely culprit behind the Bybit exploit.

The platform is currently offering over $181 million worth of bug bounties for ethical hackers, also known as white hat hackers.

Opposition lawmaker Leandro Santoro told Reuters he would be launching a request to impeach the president.

Nigeria plans to amend current digital asset regulations to tax crypto transactions, according to a Feb. 18 report by Bloomberg. The move, which would bring all eligible crypto transactions on regulated exchanges into the formal tax net, could generate “substantial revenue” for the country.

In a Feb. 17 post on the X social media platform, Stark explained why the SEC requested a 28-day extension to answer Coinbase’s petition asking for permission to appeal.

FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.

“If you have evidence of Jupiter employees leaking information or otherwise sniping, please reach out directly,” Jupiter stated. “If we discover any team members acted on non-public information, we will take quick and decisive action,” it said, adding:

Dogecoin rallied more than 11% following the latest developments around Elon Musk’s agency for US governmental efficiency.

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