Revolut Drops Solana (SOL), Cardano (ADA) and Polygon (MATIC) Amid Regulatory Crackdown: Report

Financial App Revolut has followed suit after provider Bakkt decided to withdraw support for select [[altcoins (Tokens)]] untill further regulatory clarity on the classifications of the same. U.S. customers of Revolut will hint be stopped from trading Solana (SOL), Cardano (ADA) and Polygon (MATIC) on the platform, that already set September 18th as a deadline for their clients to sell or move the tokens off the platform. Clients will have market price applied to the tokens and the proceeds credit in the accounts. Other crypto platforms have made similar changes due to the U.S. Securities and Exchange Commission (SEC). Robinhood deleted the same tokens last month while eToro stopped with purchases of multi-level scaling solution [[Polygon]], smart contract platform Algorand (ALGO), Interactive world Decentraland (MANA) and [[privacy-focused DASH]] (DASH). Mike Novogratz who’s the Galaxy Group founder said that large investment corporations paused fiat – crypto investments due to the SEC rulings. The saving grace for the industry is seen with growth in small daily contributions[[the titulated “hodlers”]] through Stock, Robinhood and Revolut apps.