Crypto exchange Bitstamp has announced that it will stop offering Ethereum staking services to U.S. customers starting September 25, citing “current regulatory dynamics.” The decision comes in response to the SEC’s crackdown on the crypto industry and highlights concerns that the regulator is driving crypto innovation offshore. Bitstamp will unstake all assets past the deadline and credit customer accounts with their staked assets and accrued rewards. The process is expected to take a few days but could be longer depending on network conditions.
AI Sentiment: Negative
