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How is Binance.US still allowing staking for US people?

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by COINS NEWS 87 Views

I thought this was banned across the board in the USA (at least for CA & NY and some other states).

Is this because Binance.US no longer allows for USD? (you have to use third party for USD to USDT).
I checked the USD to USDT fee and it's outrageous. So I looked into moving to Kraken but saw their staking is banned and same for Coinbase.

I really enjoyed getting some interest/divs on my crypto that I planned on just holding. When Binance announced the unbonding periods that irked me a bit (some are like 30 days to unbond). But thought it was ok. Now I'm a little fed up with that plus the USD to USDT thing.

If it's the end of getting staking rewards, so be it I guess - but I'm just curious as to how Binance.US is still allowed to do it. I can even stake more (where as Coinbase for example didn't force unstaking, but didn't allow you to stake more). Just curious if anyone has news or reasoning for this as I'm out of the loop. I wanted to start auto buying again but then went down this rabbit hole.

submitted by /u/jeeden222
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