New York-based derivatives alternate Bakkt is delisting three standard altcoins following latest US regulatory developments. in accordance with Commerce to Fortune Report (Sol), polygon (Matic) and (ADA) is interrupted.

The choice follows a lawsuit filed final week by the U.S. Securities and Change Fee in opposition to crypto exchanges Binance and Coinbase (NASDAQ:). Within the grievance, the regulator labeled greater than 20 digital belongings as securities, together with SOL, MATIC and ADA. The overall variety of cryptocurrencies thought-about “securities” by U.S. regulators is at present reached an estimated 68.

Learn extra on Cointelegraph