US institutional platform Bakkt has announced it intends to delist Solana, Polygon and Cardano due to "regulatory uncertainty."
According to the company's general counsel Marc D'Annunzio, the company will take the necessary steps until there is "clarity on the eligibility to offer a broader list of coins."
Gavin Michael, CEO of the platform, has likely said addressing regulators:
"It’s fine to tell me where I can’t stand. But you have to tell me how to operate."
He has stressed that he would continue to cooperate with the authorities, but has predicted even more potential problems in the future.
The regulatory panic among cryptocurrency companies began after the SEC's lawsuits against Binance and Coinbase. The agency accused the platforms of trading unregistered securities.