The US Securities and Exchange Commission (SEC) is trying to ban companies from providing services on cryptocurrencies that it considers to be investment contracts, while a new staking service has been launched in Europe, another important financial region of the world.

As it is known, the SEC considers staking services as an investment contract sale. In fact, the Kraken exchange had also terminated the Ether staking service in agreement with the SEC. However, Coinbase objects to this situation.

Solana staking has started

Robinhood, one of the companies that will most likely be sued by the SEC over the sale of investment contracts and which recently received a warning notice (Wells notice), has taken an important step in Europe regarding staking, which is a subject of great debate in the US. Solana staking was launched by the company. Due to the controversy in the US, the company had also delisted Solana and many cryptocurrencies and tokens.

Robinhood will give 5% interest in Solana for its European customers. For SOL staking, the Phantom wallet offers 7.5% interest and the Coinbase exchange offers 5.4% interest.

“One of the most popular cryptocurrencies…”

Speaking to crypto media outlet Blockworks, Johann Kerbrat, Robinhood’s head of cryptocurrencies, said that the company’s first staking service was Solana, citing the cryptocurrency’s significant popularity in Europe.

Kerbat also stated that they are considering launching staking services in many cryptocurrencies other than Solana, especially Ethereum.