Shares of Coinbase, the only major crypto exchange that's publicly traded in the U.S., sank 18% this week.
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Gensler's TV appearance came after the SEC sued Coinbase and said the company should be "permanently restrained and enjoined" from "operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency." Binance's BNB token, ranked fourth, fell 16%.īitcoin and ethereum, the two most popular cryptocurrencies, were more stable, each declining less than 5%. Filecoin, which is further down the list, dropped 19%. "No other coins are affected and your crypto is still safe on Robinhood," the company said in a post.Ĭardano's coin, the seventh-most valuable cryptocurrency, according to CoinMarketCap, tumbled 20% in the past week. The company said "no other coins are affected." Also on Friday, said it will shut down its U.S. Trading app Robinhood followed on Friday by announcing that, starting June 27, it will no longer support trading of coins from Cardano, Polygon and Solana.
In alleging that Coinbase was acting as an unregistered broker and exchange, the Securities and Exchange Commission said at least 13 crypto assets available to the company's customers were considered "crypto asset securities." They include Solana's SOL token, Cardano's ADA token, Polygon's MATIC coin and Protocol Labs' Filecoin token (FIL). Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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