Digital Bank Revolut Suspends U.S. Crypto Operations Citing ‘Regulatory Environment’

The platform stated it took the “tough resolution” with its U.S. banking accomplice due to an “evolving regulatory surroundings” within the nation. Regulators there, led by the Securities and Trade Fee, have been cracking down on crypto, concentrating on alternate platforms like Coinbase (COIN) and Binance, in addition to a number of particular person tokens together with Solana’ SOL and Polygon’ MATIC, alleging violations of federal legal guidelines.