• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Revolut Suspends Crypto Services In U.S. Amid Regulatory Uncertainties
revolut

Revolut Suspends Crypto Services In U.S. Amid Regulatory Uncertainties

August 5, 2023 by Mohammad Ali

Revolut, the prominent UK-based firm, has made a significant move in response to regulatory challenges and uncertainties surrounding the cryptocurrency market in the United States. The company suspended its cryptocurrency services for U.S. customers starting September 2, 2023.

Revolut’s decision to suspend its cryptocurrency services in the U.S. is primarily influenced by the ever-changing regulatory landscape and uncertainties surrounding the crypto market in the country. As a result, starting September 2, the U.S Revolut platform will no longer allow users to make buy orders for cryptocurrency.

In addition to the initial suspension, a more comprehensive restriction is set to take effect on October 3, 2023. From then on, U.S. customers will lose complete access to cryptocurrencies through the firm. They cannot buy, sell, or hold any cryptocurrencies via the platform. A representative from Revolut explained the reasoning behind this decision by stating,

“As a result of the evolving regulatory environment and the uncertainties around the crypto market in the US, we’ve taken the difficult decision, together with our US banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.,” the spokesperson said. “This decision has not been taken lightly, and we understand the disappointment this may cause.”

Revolut has promptly informed all its crypto customers in the U.S. about this decision. An email has been sent to notify them of the impending suspension of crypto services. per the report, “We regret to inform you that we’ll be closing our cryptocurrency platform in the US,” 

SEC’s Influence On Revolut’s Decision

The regulatory context surrounding cryptocurrencies in the US has played a significant role in shaping the firm’s choice. The Securities and Exchange Commission (SEC) asserts that most cryptocurrencies should be considered securities, thus subject to investor protection rules. This stance was evident when the SEC filed a lawsuit against significant crypto exchanges Coinbase and Binance, accusing them of failing to register specific cryptocurrencies as securities. Both companies have refuted the allegations.

In response to the SEC’s statements, the firm promptly acted by opting to delist three tokens – Cardano (ADA), Solana (SOL), and Polygon (MATIC) – that the regulator classified as securities. This decision likely played a role in Revolut’s choice to halt crypto services in the US. The platform plans to finish the delisting procedure by September 18.

Although the suspension has a notable impact on US customers, Revolut’s cryptocurrency services will remain uninterrupted in other global regions, with a particular emphasis on Europe. Outside the US, Revolut’s crypto offerings continue to operate actively and are expanding to cater to a broader customer base.

Revolut introduced a staking program in February, offering customers in Great Britain and approximately 30 European countries the opportunity to earn cryptocurrency rewards. This program demonstrates the company’s commitment to growing its crypto services in the European market.

Related Reading:| Crypto Industry Rejoices As Historic Bill Advances In US Congress

Filed Under: News Tagged With: ADA, Crypto, Cryptocurrency, Revolut, Revolut US, SEC, SOL

Primary Sidebar

Recent Posts

  • Solana (SOL) Eyes $165 Target As Wallets Surge Past 11.44 Million July 2, 2025
  • BTC Bull Token Tipped as Best Crypto to Buy as Viral Presale Enters Final Days July 2, 2025
  • Sales of Pudgy Penguins NFTs Rose by 38% in 3 Days July 2, 2025
  • Best Crypto to Buy as Deutsche Bank Outlines Plans for Crypto Custody Services July 2, 2025
  • New Meme Coin to Watch: TOKEN6900 Presale Tipped as Next SPX6900 July 2, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.