Robinhood Drops Support for Three Crypto Tokens Amid SEC Lawsuits

Robinhood will no longer support Cardano, Polygon, and Solana, all labeled as unregistered securities by the SEC in its recent legal actions against crypto exchanges Binance and Coinbase. The delisting will begin on June 27. Robinhood cited the SEC's actions as reasons for the decision, saying the lawsuits "introduced a cloud of uncertainty" around the tokens. The SEC cases have sparked outrage among many crypto users, who have pointed out inconsistencies in the regulator's approach to handling digital asset firms.