CRACKDOWN

Summary from the TLDR Crypto newsletter

As a result of the SEC's latest offensive against crypto exchanges, Robinhood is delisting Solana, Polygon, and Cardano after June 27. Users will be able to transfer these cryptocurrencies until the deadline, but post-deadline, Robinhood will sell the coins, crediting the corresponding USD value to users' accounts. The decision follows Robinhood's review of SEC lawsuits against Binance and Coinbase. Despite having its securities trading license, Robinhood officials acknowledged that they are not sure if this would allow them to trade the tokens the SEC is claiming are securities.