Robinhood is set to delist several cryptocurrencies, including ADA and SOL, after the Securities and Exchange Commission (SEC) identified them as securities. This move comes after Robinhood recently announced that users on its app will be able to trade 15 different cryptocurrencies, including bitcoin and ether. The delisting of these tokens has caused them to underperform in the market. This follows the SEC’s crackdown on cryptocurrencies, as many tokens are being identified as securities and subject to regulations.
AI Sentiment: Negative