Bitstamp, a cryptocurrency exchange, has announced that it will delist seven cryptocurrencies in the US following the Securities and Exchange Commission’s (SEC) publication of its list of cryptos considered securities. The delisted cryptocurrencies include SOL, AXS, CHZ, MANA, MATIC, NEAR, and SAND. Trading for these cryptocurrencies will stop on August 29, but customers will still be able to hold them in their wallets and withdraw them at a later time. This decision by Bitstamp highlights the impact of regulatory decisions on cryptocurrency exchanges. In related news, Ripple’s chief technology officer, David Schwartz, commented on the SEC’s ruling, boasting that XRP is no longer classified as a security. However, it’s important to note that the opinions expressed in the article are not investment advice and should be used for informational purposes only.
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