Major Crypto Exchange Receives SEC Wells Notice, Triggering Stock Plunge: Latest Developments

• The Securities and Exchange Commission (SEC) has issued a Wells Notice to Robinhood Crypto LLC, the cryptocurrency arm of commission-free stock and crypto trading platform Robinhood Markets.
• The Wells Notice indicates the regulator’s intention to bring an enforcement action against Robinhood’s crypto operations for alleged violations of securities laws.
• Disputed issues include cryptocurrency listings, crypto custody, and platform operations.

Robinhood’s crypto operations face potential enforcement action from the SEC, following allegations of securities law violations. The issues in question include cryptocurrency listings, crypto custody, and platform operations.

Robinhood’s Crypto Operations Receive Wells Notice

As reported by CoinOtag, Robinhood Crypto LLC received a Wells Notice from the staff of the U.S. Securities and Exchange Commission (SEC) last week. The disputed issues include cryptocurrency listings, crypto custody, and platform operations. The SEC has made a “preliminary det... Read the full article for FREE at COINOTAG!