Bitstamp to Delist SOL, MANA, MATIC Among Other Altcoins in US Thanks to SEC

According to a recent post by Chinese crypto journalist and blogger Colin Wu, major crypto trading platform Bitstamp has made an announcement that it plans to delist several major cryptos at the end of the month.

The list includes such popular digital currencies as Solana (SOL), Polygon (MATIC), Decentraland (MANA), The Sandbox (SAND) and a few others — seven coins in total.

Bitstamp follows SEC’s announcements

Trading will stop on Aug. 29. In a blog post, Bitstamp wrote that the exchange constantly reviews the list of cryptocurrencies it provides for trading, especially in light of regulatory decisions. Now, following the recent publication of the SEC of its list of cryptos it believes to be securities, Bitstamp intends to permanently delist seven cryptos: SOL, AXS, CHZ, MANA, MATIC, NEAR, SAND.

Bitstamp announced that starting from August 29, 2023, Bitstamp is suspending trading for the following cryptocurrencies in the US: AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL. These tokens were recently identified as unregistered securities by the US SEC. https://t.co/upNzuCOcuf

— Wu Blockchain (@WuBlockchain) August 9, 2023

On the aforementioned date, all new orders connected to those cryptos will be removed, and all ongoing orders to be disabled. Bitstamp stressed that customers will be able to keep holding these currencies in the platform’s wallets and move them out at a convenient time.

Ripple CTO brags about XRP not being security

The list of cryptocurrencies announced by the SEC to match the legal definition of a security includes 48 coins; it contains BNB, TRX, HEX, ADA, TON and LUNA, coins that are going to be delisted by Bistamp and others. It does not contain the Ripple-affiliated XRP coin after the recent victory of Ripple Labs in court over the SEC.

Earlier today, chief technology officer of Ripple David Schwartz commented on it, bragging that now the regulator is officially not calling XRP a security. The legal case lasted from December 2020 until the recent ruling of the judge.