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Uphold CEO discusses XRP staking via Flare, weighs US regulatory hurdles
Without a doubt, some 
 XRP +1.65%
 devotees were ecstatic when Uphold said at the end of last month it was exploring ways to let users stake and earn yield on the token.

Uphold CEO Simon McLoughlin expressed optimism about the possibility during a recent interview with The Block, saying the XRP staking appears both “feasible and promising.”

But there’s a catch: “[It’s] challenging because XRP isn’t a proof-of-stake network,” McLoughlin said. “There’s not a staking mechanism you can rely on.”