Fortune June 16 has reported that Bakkt is the most recent US-based cryptocurrency platform to delist Cardano, Polygon and Solana on account of current regulatory uncertainty surrounding these belongings.
Marc D’Annunzio, Bakkto’s normal counsel and secretary, reportedly mentioned:
“(Bakkt is taking this measure) till there may be extra readability on how you can correctly supply a broader listing of cash.
The US Securities and Trade Fee (SEC) labeled the delisted asset as a safety in its lawsuit in opposition to Binance and Coinbase. The monetary regulator mentioned cryptocurrency exchanges violated federal securities regulation and facilitated the buying and selling of unregistered securities tokens.
In the meantime, the groups behind this digital asset strongly rejected this SEC classification.
Bakkt beforehand eliminated digital belongings
In Might, Bakt eliminated 25 digital belongings in a single fell swoop, together with Filecoin, Avalanche, Uniswap, Chainlink, Cosmos, Stellar, and Web Laptop. At the moment, the consultant of the corporate related such a call of the corporate with the regulatory adjustments going down within the cryptocurrency house.
Bakkt beforehand delisted Algorand and Decentraland in April following an SEC lawsuit in opposition to Bittrex.
In the meantime, Bakkt helps eight cryptocurrencies, together with Bitcoin, Ethereum, Dogecoin, Litecoin, USDC, and Shiba Inu.
Regulatory uncertainty is forcing exchanges to take motion
The current regulatory onslaught by the SEC has compelled a number of US-based crypto firms to re-evaluate their cryptocurrency listings.
Prior to now seven days, at the least two cryptocurrency buying and selling corporations have introduced their choice to finish assist for sure digital belongings that the SEC has designated as securities. June 9 Robinhood introduced that its platform will finish assist for ADA, SOL and MATIC by June 27.
Three days later, one other buying and selling platform, eToro, minimize off entry for its US clients to 4 cryptocurrencies, together with DASH, MANA, ALGO and MATIC.
