Robinhood will end support for 3 tokens named in SEC lawsuits

On June 27, ADA, SOL and MATIC will no longer be offered on Robinhood.

that the current approach to operating as a registered broker-dealer in the U.S. was like “crypto the hard way.” He added that the path laid out by the SEC for crypto firms was difficult to follow, even when Robinhood tried.

“When Chair [Gary] Gensler at the SEC in 2021 said, ‘Come in and register,' we did," said Gallagher. “We went through a 16-month process with the SEC staff trying to register a special purpose broker-dealer, and then we were pretty summarily told in March that that process was over and we would not see any fruits of that effort.

Binance.US and Binance CEO Changpeng Zhao were also named in the SEC’s cases against the crypto exchanges for their alleged roles in unregistered offers and sales of tokens, including BNB (

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