Bakkt Delists Solana, Polygon, Cardano
Baakt, a New York-based platform for digital assets, is delisting Solana, Polygon, and Cardano due to regulatory uncertainties.
Marc D’Annunzio, the business’s general lawyer and secretary, told Fortune that the corporation was acting “until there is further clarity on how to compliantly offer a more extensive list of coins.”
The delisting decision comes in response to recent lawsuits the U.S. Securities and Exchange Commission (SEC) filed against cryptocurrency exchanges Binance and Coinbase this month. In those lawsuits, the SEC claimed both platforms were offering unregistered securities to their users, including Solana, Polygon, and Cardano.
(With inputs from Shikha Singh)
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