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Robinhood will end support for 3 tokens named in SEC lawsuits
Cryptocurrency and stock trading app Robinhood (NASDAQ:) announced it will be ending support for , Polygon and — all tokens labeled as unregistered securities by the United States Securities and Exchange Commission (SEC) in its recent legal actions against crypto exchanges Binance and Coinbase (NASDAQ:).
In a June 9 update, Robinhood said it will end support for the three tokens starting on June 27 following a review. In a Twitter thread, the firm specifically cited the SEC’s actions as reasons for the delisting, saying the Coinbase and Binance lawsuits “introduced a cloud of uncertainty” around the tokens — the only three in the cases that Robinhood supported.
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