Cardano

United

Impact

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Major crypto exchange <a href="https://twitter.com/Bitstamp/status/1696489754915700846" rel="noopener noreferrer nofollow">Bitstamp</a> has issued an important update for its U.S. users. In a new tweet, Bitstamp announced that it had halted trading for seven cryptos: AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL, citing recent regulatory developments. 
<blockquote class="twitter-tweet"> 
 📢🇺🇸 For our US users, we have halted trading of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL.You can still hold and withdraw these assets at any time. Thank you for your support! 💚More info: <a href="https://t.co/i9bPDnF05K" rel="noopener noreferrer nofollow">https://t.co/i9bPDnF05K</a>— Bitstamp (@Bitstamp) <a href="https://twitter.com/Bitstamp/status/1696489754915700846?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 29, 2023</a> 
</blockquote> 
In a <a href="https://blog.bitstamp.net/post/important-update-halt-of-axs-chz-ex-ny-mana-matic-near-sand-and-sol/" rel="noopener noreferrer nofollow">blog post</a>, Bitstamp announced changes to its crypto offerings specifically for customers residing in the United States, taking into account the dynamic regulatory environment as well as recent developments. 
Trading activities related to AXS, CHZ, MANA,&nbsp;<a href="https://u.today/polygon-founder-unveils-massive-upgrade-coming-to-matic-token" rel="noopener noreferrer nofollow">MATIC</a>, NEAR, SAND and SOL have been paused until further notice on the Bitstamp platform. All new orders involving these assets have been disabled, and all existing orders across all trading pairs have been canceled following the change. 
However, users will still be able to hold these assets within their Bitstamp account and withdraw them at any time. 
<h2 id="sec-expands-regulatory-crackdown">SEC expands regulatory crackdown</h2> 
The <a href="https://u.today/xrp-attorney-says-sec-lawsuit-caused-inestimable-damage-heres-how" rel="noopener noreferrer nofollow">SEC</a> extended its crackdown on the crypto industry at the start of the week, accusing Los Angeles-based media and entertainment company Impact Theory of selling unregistered securities in the form of non-fungible tokens. This is the agency's first enforcement action against NFTs. 
In June, the SEC filed a lawsuit against cryptocurrency exchange Coinbase, alleging that it traded at least 13 crypto assets that are securities and should have been registered, as well as accusing Binance, the world's largest cryptocurrency exchange, of offering 12 cryptocurrency coins without registering them as securities. These included popular cryptocurrencies such as Solana, Cardano and Polygon. 
According to data from consultancy Cornerstone Research, the agency has brought more than 130 crypto cases and settlements to date, and in several of those cases, it has designated certain tokens as securities.

Bitstamp Halts US Trading for SOL, MATIC, CHZ: Details

Table of Contents

U_Today

Other articles published on Aug 29, 2023

Elon Musk’s X gets Rhode Island License for Crypto Transactions!

FriendTech Warns Users Against Migrating to Forks and Copies!

Shibarium wallets surpass 100K after SHIB devs relaunch bridge

MoonPay Launches Venture Arm to Invest in Early Stage Web3 Startups

Crucial Week for Crypto as Market Awaits Key SEC Decisions

Are crypto firms moving to Asia?

Join our free newsletter for daily crypto updates!