The SEC's lawsuit against leading cryptocurrency exchanges Binance and Coinbase last week is still on the agenda.
The SEC stated that some of the altcoins it has named in the lawsuits it filed are securities.
These included popular altcoins Cardano (ADA), Solana (SOL), Filecoin (FIL), and Polygon (MATIC).
After these lawsuits by the SEC, popular stock exchange Robinhood announced that it had delisted ADA, SOL and MATIC.
After Robinhood, another delist news came from the cryptocurrency platform Bakkt.
According to the news of Fortune, New York-based cryptocurrency platform Bakkt delisted the three largest cryptocurrencies by market capitalization, Solana, Cardano and Polygon.
Chinese journalist Wu Blockchain also made the following statements in his post:
“Bakkt has delisted ADA, MATIC and SOL on the grounds of unclear supervision.
Bakkt voluntarily delisted Algorand and Decentraland tokens during the SEC's lawsuit against Bittrex, followed by 25 tokens in May.
Bakkt currently offers eight token services, including BTC, ETH, LTC, SHIB, Dogecoin, and USDC, after the latest delisting."
The exchange Bakkt delisted ADA, MATIC, and SOL on the grounds of unclear supervision. Bakkt delisted Algorand and Decentraland tokens amid the SEC lawsuit against Bittrex, and then voluntarily delisted 25 tokens in May. Bakkt currently offers eight tokens including BTC, ETH,…
— Wu Blockchain (@WuBlockchain) June 16, 2023
*Not investment advice.
