Date: 2023-06-12T16:05:43Z Creator: Bitfolio Academy
It’s been a wild week, highlighted by the delisting of three of the most popular coins – ADA, SOL, and matic – from the RobinHood exchange. Fearful of the SEC, RobinHood decides to delist the cryptocurrencies that the SEC deems as securities in their coinbase lawsuit.
It’s been an outright bloodbath for those cryptocurrencies that the SEC is targeting. Cardano is down 27%, Solana is down 28%, and Matic is down a whopping 29%. Robinhood will delist these coins on June 27th.
This could very well be the start of a much larger SEC crusade against digital currencies hosted by US-based exchanges. eToro, Gemini, Crypto.com, and Uphold could all be at risk of the same kind of legal action. All eyes are on the SEC to see what move they’ll make next!
Let me know in the comments. 🤔
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#robinhood #cryptocrash #cardano #polygonmatic #solana #altcoin #cryptonews