TechFlow reports, according to CryptoSlate, that UK digital bank Revolut has announced via email to its U.S. users that, following changes in U.S. regulations, they will no longer be able to purchase cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) within the Revolut app. This change takes effect immediately, meaning users can neither hold nor sell these cryptocurrencies on the platform, with the specific enforcement date yet to be determined. Once that date arrives, Revolut will automatically sell any holdings of these tokens and deposit the equivalent cash amount into each user's Revolut account.
While Revolut did not explicitly reference the details of the lawsuits the U.S. Securities and Exchange Commission has filed against Coinbase and Binance, both cases have classified ADA, MATIC, and SOL as securities.
