CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

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

12.06.2023
A A
0
129
VIEWS
ShareShare

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’s claim cast a cloud of uncertainty around these assets and, as a result, its team decided to end support for them.

SEC’s Pressure Intensifies

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’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 statement read,

“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.)”

The development teams behind the three projects – Polyogn, Solana, and Cardano – have dismissed SEC’s claim. Meanwhile, Robinhood’s decision comes amidst the SEC’s crackdown on Binance and Coinbase, which were accused of operating illegal exchanges by the agency.

ADVERTISEMENT

Inefficiencies Within SEC

Earlier this week, Robinhood’s chief legal officer Dan Gallagher said the company was “actively reviewing” tokens after the agency’s analysis. While testifying 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 “would not see any fruits of that effort.”

Gallagher’s testimony echoes Coinbase’s chief legal officer, Paul Grewal’s complaint that the crypto exchange failed to secure a registration despite months of discussions. He blamed the SEC for dismissing the platform’s attempts with no response or any counter-proposal.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month of quiet accumulation...

Read moreDetails
Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
Load More
Next Post
VC Firm Andreessen Horowitz Opens Crypto Office in London

VC Firm Andreessen Horowitz Opens Crypto Office in London

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Altcoin ETPs see inflows amid ETH, BTC outflows as alts recover

Altcoin ETPs see inflows amid ETH, BTC outflows as alts recover

2 years ago
Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

2 years ago
Tracking stolen crypto — How blockchain analysis helps recover funds

Tracking stolen crypto — How blockchain analysis helps recover funds

2 years ago
‘Upbit Dependence Might Derail New Okay Financial institution IPO Bid’ – Report

‘Upbit Dependence Might Derail New Okay Financial institution IPO Bid’ – Report

8 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Trending

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month...

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz