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In each lawsuit, the regulator has claimed that some of the crypto assets listed on a particular exchange are unregistered securities.
Although cryptocurrency brokerage platform Robinhood gives users access to a relatively limited list of 18 cryptocurrencies, in the face of the SEC’s actions, its management has stated its intention to exclude from the list of available assets whose trading could theoretically lead to a violation of applicable law.
According to the SEC, the securities include Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI), Algorand (ALGO), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), Axie infinity (AXS) and Decentraland (MANA)
Earlier, the Robinhood platform announced
the launch of Robinhood Connect, which allows users to fund Web3 wallets without having to log out of the decentralized app or log into accounts.