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The platform stated it took the “tough determination” with its native banking accomplice to halt operations due to an “evolving regulatory setting” and “uncertainties across the crypto market” within the U.S. Regulators within the nation, led by the Securities and Trade Fee, have been cracking down on crypto, focusing on trade platforms like Coinbase (COIN) and Binance, in addition to a bunch of particular person tokens together with Solana’s SOL, Cardano’s ADA and Polygon’s MATIC, alleging violations of federal legal guidelines.
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