Uphold, the U.S.-based cryptocurrency exchange, has made two significant announcements in the evolving crypto landscape of the United States. On Monday, it relaunched its staking services for 19 digital assets in the U.S., aligning with the SEC’s new crypto task force, which is fostering a more pro-crypto regulatory environment in the country.
This comes after Uphold halted its staking services for U.S. customers in 2023 citing regulatory uncertainty and the Securities and Exchange Commission’s (SEC) enforcement actions under then-Chair Gary Gensler. In early February 2025, Uphold also relaunched staking services for its UK customers.
Further, following the U.S. President’s announcement of plans to create a ‘U.S. Crypto Strategic Reserve,’ Uphold introduced a new investment product called the ‘U.S. Crypto Reserve Basket.’ This new basket will allow users to invest in cryptocurrencies that may be designated as part of the U.S. strategic reserve.
While heated deliberations continue over which cryptocurrencies should be included in the strategic reserve, the specified Uphold basket will provide investors with an easy way to trade and track digital assets associated with this initiative.
US Residents to get enhanced returns by Staking
Uphold relaunching its staking services will allow residents of US to earn upto 14.4% return by staking.
By pledging their assets, users lock crypto onto a Blockchain, allowing them to earn rewards in their preferred crypto while securing Blockchain networks. Since rewards are set by crypto networks with specific APY rates, users do not have to continuously monitor crypto markets to earn.
Unlike conventional interest-bearing financial instruments, staking rewards are distributed in the same cryptocurrency that was staked, providing users with an incentive to actively participate in blockchain governance and validation. Rewards are set to be distributed weekly, ensuring a steady stream of passive income for those engaging with the service.
Now, with the Uphold’s staking services back in the US, users can stake in 19 different cryptocurrencies, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Palkadot (DOT), and Hedera (HBAR).
The move by Uphold comes amid the more crypto-friendly regulatory framework. In the last week, SEC had dismissed several high-profile cases, including those against exchanges such as Coinbase and Kraken.
You’ve been patient.
Now is the time to be rewarded.
Staking is back on Uphold for U.S. residents.
19 assets are available to stake immediately, including favorites like $HBAR, $ADA, $SOL, $ETH, and $DOT.
Learn more: https://t.co/H0YpOfkPsW
Get started.
— Uphold (@UpholdInc) March 3, 2025
Uphold CEO Simon McLoughlin while emphasising on the improved regulatory environment under the new administration, said on the relaunch of staking services in US, “Staked crypto holdings, integral to Proof-of-Stake blockchain protocols, play a vital role in the healthy functioning of the on-chain finance ecosystem. Blockchain platforms use staking to validate transactions, bolster security, and maintain the network while promoting inclusivity for wallet owners worldwide. Users should absolutely be able to support this activity and earn from that support.”
Uphold’s New Investment Option of U.S. Crypto Reserve Basket
As mentioned, alongside the staking service relaunch, Uphold has introduced a new investment product called the U.S. Crypto Reserve basket. This feature will allow users to invest in a diversified selection of digital assets designated as part of a U.S. strategic reserve. The basket includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), reflecting a curated selection of high-liquidity cryptocurrencies.
Uphold Baskets are meticulously curated collections of cryptocurrencies, designed to simplify the process of diversifying your portfolio. By grouping together assets based on various market sectors, Uphold Baskets can spread users’ investment across multiple cryptocurrencies.
All eyes hooked on the upcoming developments
Thus, the Uphold’s relaunch of staking services represents a pivotal moment for crypto users in the U.S., highlighting a shift in how regulators perceive staking and blockchain governance. Further, the new basket introduction marks a significant step in the evolving saga on the US Crypto Reserve. As the industry moves forward, all eyes will be on whether this marks the beginning of a new era of crypto adoption and financial integration.
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