The American corporation Bakkt recently acquired Apex Crypto, a Chicago-based crypto trading service. Bakkt shares a majority owner with the New York Stock Exchange. Shortly after the deal closed, Bakkt delisted 70% of the tokens on the platform, including major tokens Aave (AAVE), ApeCoin (APE), Avalanche (AVAX), Chainlink (LINK), Fantom (FTM), Filecoin (FIL),[d] Maker DAO (MKR), Stellar (XLM), and others.A spokesperson stated that the delisting was a reaction to “the most up-to-date regulatory guidance and the latest industry developments”. The decision is likely related to mounting industry pressure, and statements from SEC Chair Gary Gensler that most crypto assets are securities.