{"id":2083,"date":"2023-06-16T18:44:24","date_gmt":"2023-06-16T18:44:24","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/06\/16\/bakkt-to-delist-solana-cardano-and-polygon-following-sec-lawsuits\/"},"modified":"2023-06-16T18:44:24","modified_gmt":"2023-06-16T18:44:24","slug":"bakkt-to-delist-solana-cardano-and-polygon-following-sec-lawsuits","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/06\/16\/bakkt-to-delist-solana-cardano-and-polygon-following-sec-lawsuits\/","title":{"rendered":"Bakkt to Delist Solana, Cardano and Polygon Following SEC Lawsuits"},"content":{"rendered":"
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Publicly-listed digital asset custodian and one-stop crypto shop Bakkt will delist a number of major assets, according to reports. <\/span><\/p>\n

The New York-based company <\/span>told<\/span><\/a> Fortune <\/span><\/i>Friday that it would stop providing services related to Solana, Cardano and Polygon due to a lack of clarity. <\/span><\/p>\n

All three cryptocurrencies are in the top 20 biggest digital assets by market cap. The move comes after the U.S. Securities and Exchange Commission <\/span>hit<\/span><\/a> major crypto exchanges Coinbase and Binance with lawsuits for allegedly selling unregistered securities. <\/span><\/p>\n

The SEC named in its lawsuits Solana, Cardano and Polygon as securities for the first time. SEC Chairman Gary Gensler has repeatedly said that most cryptocurrencies\u2014but not Bitcoin\u2014are securities. <\/span><\/p>\n

Last week, popular trading app Robinhood also <\/span>announced<\/span><\/a> it would end support for Solana, Cardano and Polygon. <\/span><\/p>\n

<\/p>\n

What is Bakkt? Everything You Need to Know (2023)<\/a><\/div>\n

<\/span><\/p>\n

Bakkt did not immediately respond to <\/span>Decrypt<\/span><\/i>\u2019s request for a comment but <\/span>Fortune <\/span><\/i>reported that the company was waiting for \u201cfurther clarity on how to compliantly offer a more extensive list of coins.\u201d<\/span><\/p>\n

Bakkt started off as a custody service that stored Bitcoin on behalf of institutional investors. <\/span><\/p>\n

Owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), it also provided retail investors with an app to buy and sell crypto. <\/span><\/p>\n

But it closed that service in March, <\/span>claiming<\/span><\/a> that it wasn\u2019t \u201ccore to our B2B2C approach.\u201d<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Publicly-listed digital asset custodian and one-stop crypto shop Bakkt will delist a number of major assets, according to reports. The New York-based company told Fortune Friday that it would stop providing services related to Solana, Cardano and Polygon due to a lack of clarity. All three cryptocurrencies are in the top 20 biggest digital assets […]<\/p>\n","protected":false},"author":1,"featured_media":2084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=2083"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/2084"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=2083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=2083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=2083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}