Robinhood Delists Three Crypto Tokens Amid SEC Pressure

Robinhood will delist Solana's SOL, Cardano's ADA, and Polygon's MATIC tokens from its platform after the SEC named them as securities in lawsuits against Binance and Coinbase. Users will be able to buy and sell the tokens until June 27, after which any existing tokens in a user's wallet will be sold for market value. The three tokens are in the top 10 in total market capitalization among all cryptocurrencies. Prices of those tokens didn't move significantly after Robinhood notified its users on Friday morning.