Rumors of an SEC crackdown are flying after Poloniex said it will delist nine crypto tokens including DCR for trading to U.S. customers.
No Longer Available to U.S. Cryptocurrency Traders
Poloniex has announced that it will no longer offer nine cryptocurrency tokens for trading to U.S. customers following reports of incoming regulations against unregistered security tokens. Meanwhile, opinions remain split as to whether securities regulations should apply to cryptocurrency tokens.
In a Medium post published on Thursday (May 16, 2019), Poloniex announced that it would no longer offer nine cryptocurrency tokens to its U.S. customers. According to the announcement, the move due to uncertainties over whether U.S. regulators would qualify such tokens as securities.
1/ On Friday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US. https://t.co/eNWeZTjT5X
— Poloniex Exchange…