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

The platform said it took the “difficult decision” with its local banking partner to halt operations because of an “evolving regulatory environment” and “uncertainties around the crypto market” in the U.S. Regulators in the country, led by the Securities and Exchange Commission, have been cracking down on crypto, targeting exchange platforms like Coinbase (COIN) and Binance, as well as a host of individual tokens including Solana’s SOL, Cardano’s ADA and Polygon’s MATIC, alleging violations of federal laws.