The encryption exchange Bitstamp stated that considering the current regulatory dynamics in the United States, it will terminate the Ethereum pledge for US customers from September 25.
Bitstamp US CEO Bobby Zagotta said US customers will stop receiving staking rewards and all other Bitstamp services will remain unaffected.
Customers will continue to receive staking rewards until September 25, 2023, after which all staked assets will be unstaked and the rewards, along with the principal, will be credited to the user’s main Bitstamp account balance.