- The regulator marked these tokens as securities
- Trading of the specified assets in the Revolut app will be terminated immediately
- But storage and withdrawal, according to unconfirmed reports – from September 18
Fintech firm Revolut has notified its US customers that it will be ending support for three tokens – ADA, MATIC and SOL. The reason for the delisting is the fact that the SEC marked these assets as securities in a lawsuit against the Binance exchange.
This is reported by the media with reference to the Revolut internal mailing list. In an appeal to users, it is indicated that the sale of assets is terminated immediately. As for the storage and withdrawal of cryptocurrencies, nothing is known.
However, a user with the nickname “EggplantsLover” posted on Reddit fast, in which he stated that he received an e-mail from the company. Based on it, the firm will completely stop processing the three specified tokens from September 18.
Until then, holders are advised to liquidate their portfolios. But this information has not been confirmed by Revolut. The publication also contains a quote from a letter in which the company directly points to the SEC as the reason for blocking.
Recall that the regulator marked a number of assets as securities in its lawsuit against Binance. You can find the list of affected tokens in our separate article. Both Solana and Polygon responded to the Commission’s statement. Representatives of both projects expressed disagreement, but did not threaten a possible lawsuit. SOL holders, in turn, offered to fork at all in order to solve this problem.