Robinhood Crypto (RHC) Challenges SEC’s ‘Weak’ Case: A Bold Move in the Cryptocurrency Arena
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- Robinhood Crypto, the digital assets arm of the popular stock trading app, has received a Wells Notice from the Securities and Exchange Commission (SEC).
- The SEC’s recommendation to pursue an enforcement action against Robinhood is related to investigative subpoenas it previously received.
- Robinhood Crypto offers investors the ability to buy and sell 15 different cryptocurrencies in New York, with offerings varying state by state.
Robinhood Crypto finds itself in the SEC’s crosshairs following enforcement actions against Coinbase and Kraken. The firm maintains that the digital assets listed on its platform are not securities.
Robinhood Crypto Receives Wells Notice from SEC
Robinhood Crypto, the digital assets arm of the popular stock trading app, announced on Monday that it had received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice is an official notification from a regulatory authority indicating that it intends to recommend enforcement action. This development comes in the wake of similar enforcement actions against other major crypto platforms like Coinbase and Kraken.
Robinhood’s Response to the SEC Notice
Dan Gallagher, Robinhood... Read the full article for FREE at COINOTAG!
