Cardano

Solana

Polygon

US-based trading firm Robinhood announced the delisting of Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the Securities and Exchange Commission (SEC) labeled them as securities in the suits against two crypto heavyweights.
The company, which recently ventured into crypto, said the SEC&#8217;s claim cast a cloud of uncertainty around these assets and, as a result, its team decided to end support for them.
<h2 id="sec-8217-s-pressure-intensifies">SEC&#8217;s Pressure Intensifies</h2>
Robinhood decided to end support for the three tokens on June 27th, 2023, at 6:59 PM ET. The leftover ADA, MATIC, and SOL in the user&#8217;s Robinhood Crypto account after the deadline will be sold for market value.
The proceeds, on the other hand, will be credited to their Robinhood buying power. The brokerage firm also confirmed that no other coins have been affected. The official <a href="https://robinhood.com/us/en/support/articles/cardano-polygon-solana-update/" target="_blank" rel="noopener" data-wpel-link="external">statement</a> read,
<blockquote>&#8220;You can continue to buy, sell and hold ADA, MATIC, and SOL until the deadline. You will be able to transfer ADA, MATIC, and SOL until June 27th, 2023. (If you live in Hawaii or Nevada, you can’t buy ADA, MATIC, and SOL. If you live in New York, you can’t transfer ADA, MATIC, and SOL.)&#8221;</blockquote>
The development teams behind the three projects &#8211; Polyogn, Solana, and Cardano &#8211; have <a href="https://cryptopotato.com/cardanos-iog-dismisses-secs-claim-that-ada-is-a-security/" target="_blank" rel="noopener" data-wpel-link="internal">dismissed</a> SEC&#8217;s claim. Meanwhile, Robinhood&#8217;s decision comes amidst the SEC&#8217;s <a href="https://cryptopotato.com/us-sec-files-a-lawsuit-against-coinbase-day-after-suing-binance/" target="_blank" rel="noopener" data-wpel-link="internal">crackdown</a> on Binance and Coinbase, which were accused of operating illegal exchanges by the agency.
<h2 id="inefficiencies-within-sec">Inefficiencies Within SEC</h2>
Earlier this week, Robinhood&#8217;s chief legal officer Dan Gallagher said the company was &#8220;actively reviewing&#8221; tokens after the agency&#8217;s analysis. While <a href="https://www.youtube.com/watch?v=Io4thPiIzMc" target="_blank" rel="noopener" data-wpel-link="external">testifying</a> before the House Agriculture Committee on Tuesday, Gallagher, who previously served as a Commissioner at the SEC, said Robinhood tried to register with the agency as a special-purpose broker for digital assets and went through a 16-month process.
However, by March, the SEC staff told Robinhood that the process was over and they &#8220;would not see any fruits of that effort.&#8221;
Gallagher&#8217;s testimony echoes Coinbase&#8217;s chief legal officer, Paul Grewal&#8217;s complaint that the crypto exchange failed to secure a registration despite months of discussions. He blamed the SEC for dismissing the platform&#8217;s attempts with no response or any counter-proposal.
The post <a href="https://cryptopotato.com/robinhood-delists-solana-sol-cardano-ada-polygon-matic-after-secs-claims/" rel="nofollow">Robinhood Delists Solana (SOL), Cardano (ADA), Polygon (MATIC) After SEC&#8217;s Claims</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Robinhood Delists Solana (SOL), Cardano (ADA), Polygon (MATIC) After SEC’s Claims

목차

CryptoPotato_News

2023년 6월 12일에 게재된 다른 기사

282M Shiba Inu Burnt in a Week As Burn Rate Falls 93%

Pavia, the first Cardano-based metaverse

Panther Protocol's Weekly update (12/06/2023)

Ripple CBDC Advisor Excited at XRPL's Real-world Utility: Details

Andreessen Horowitz to open crypto branch in London

Faruk Fatih Özer, Main Suspect in Thodex Incident, Denies All Accusations in Court

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!