Bitstamp, a major cryptocurrency exchange, has issued a reminder to its US-based users via X (formerly known as Twitter) that it halted trading for seven cryptocurrencies: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL, due to recent regulatory developments.
Trading for AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL is temporarily suspended on Bitstamp's platform. This affects both new and existing orders across all trading pairs.
However, users can still hold onto these assets in their Bitstamp accounts and withdraw them whenever needed. Further detail can be found on Bitstamp blog about changes to its cryptocurrency offerings for U.S. customers. This shift is in response to the changing regulatory landscape and recent updates. The SEC's recent actions signal an expanded crackdown on the crypto sector, with Los Angeles-based Impact Theory accused of selling unregistered securities as NFTs. This follows previous lawsuits against Coinbase and Binance for allegedly trading unregistered securities and offering non-registered coins, including popular cryptocurrencies like Solana, Cardano, and Polygon. The agency's enforcement has encompassed over 130 crypto cases and settlements, involving designations of tokens as securities.
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