Day: June 13, 2023

eToro halts ALGO, MANA, MATIC and DASH purchases for US customers

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Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to their labeling as securities in recent SEC lawsuits. The move comes just a few days after competitor Robinhood also halted support for MATIC and two other SEC-deemed securities — Cardano (ADA), and Solana (SOL). In a June 12 Twitter thread, eToro US noted that it had reviewed its crypto listings ”in light of the rapidly evolving regulatory landscape” and “recent developments” with the SEC. eToro has…

Regulatory hurdles and market volatility worry crypto investors

In a recent video by Crypto Banter, notable crypto investor Ian Balina expressed apprehension about the future of cryptocurrency in the US, with the recent regulatory pressures considered a major concern. Balina, along with other key players in the industry, see this development as part of the disruptive evolution of a technology that challenges traditional power structures. They are of the view that, although there may be casualties along the way, the technology will ultimately become so revolutionary that governments will either embrace it or risk falling behind more forward-thinking…