Bakkt's Crypto Cleanup: SOL, MATIC, And ADA Get The Boot Pending 'Further Clarity' From SEC
Portfolio Pulse from Murtuza Merchant
Bakkt has removed Solana (SOL), Polygon (MATIC), and Cardano (ADA) from its listings pending further clarity from the SEC. This follows the SEC's lawsuits against Binance and Coinbase, accusing them of providing unregistered securities. Bakkt continues to list eight cryptocurrencies, including Dogecoin, Litecoin, USD Coin, Shiba Inu, Bitcoin, and Ether.
June 16, 2023 | 7:13 pm
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Bakkt's removal of SOL, MATIC, and ADA from its listings may impact Coinbase as it faces a lawsuit from the SEC for providing unregistered securities.
Bakkt's decision to remove SOL, MATIC, and ADA from its listings is closely related to the SEC's lawsuits against Binance and Coinbase. The SEC has accused these platforms of providing unregistered securities, which may negatively impact Coinbase's stock price in the short term as investors may be concerned about potential regulatory actions.
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