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CDS Crypto News eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Crypto News

eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Social investing platform eToro has announced that it will delist a number of crypto tokens for its U.S. customers in response to recent legal actions taken by the U.S. Securities and Exchange Commission (SEC). The move comes as a result of

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eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Social investing platform eToro has announced that it will delist a number of crypto tokens for its U.S. customers in response to recent legal actions taken by the U.S. Securities and Exchange Commission (SEC). The move comes as a result of “recent developments,” including the SEC’s legal action against popular crypto exchanges Coinbase and Binance, as well as the regulator’s classification of certain cryptocurrencies as securities.

Starting from July 12, eToro’s U.S. customers will no longer be able to open new positions in the tokens of Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). However, existing positions in these tokens can still be held and sold by customers.

eToro’s decision follows in the footsteps of Robinhood, another popular trading platform, which recently delisted Cardano (ADA), Solana (SOL), and Polygon (MATIC).