One of the oldest crypto exchanges Bitstamp will suspend the staking program for all US users next month, reports Blockworks.
Representatives of the company noted that the decision was made due to the unfavorable regulatory environment in the United States. Bitstamp also emphasized that the remaining functions of the platform will continue to operate as usual.
Earlier this month the exchange suspended in the US trading seven tokens including Polygon (MATIC), Solana (SOL), Near Protocol (NEAR), Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA) and The Sandbox (SAND).
In February, the US Securities and Exchange Commission (SEC) considered Kraken’s staking services to be an unregistered offering of securities. The latter did not admit or deny the allegations, but agreed to close the program and pay $30 million in fines.
For the same reason, another American company, Coinbase, has suspended the staking service in four US states.
Shortly before this, the SEC filed a civil lawsuit against the exchange, accusing it of an unregistered offer of securities in the form of a number of tokens.
Source: Cryptocurrency
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