SEC’s Wells Notice to Robinhood Sparks Reaction in Crypto Industry: Impact on Bitcoin (BTC) and Ethereum (ETH)

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Renowned crypto lawyer, Bill Morgan, warns of a potential permanent feud between the crypto industry and the U.S. Securities and Exchange Commission (SEC).
Variant’s CLO, Jake Chervinsky, criticizes the SEC for alleged abuse of the Wells process.
Robinhood responds to the Wells Notice received from the SEC, asserting that the assets listed on its platform are not securities.

Explore the escalating tension between the crypto industry and the SEC, as industry experts warn of a potential permanent feud. This article delves into the recent criticisms of the SEC’s handling of Wells Notices and Robinhood’s response to their own notice.

Bill Morgan Foresees Permanent Feud Between Crypto Industry and SEC

Renowned crypto lawyer, Bill Morgan, has expressed concerns over the increasing tension between the crypto industry and the U.S. Securities and Exchange Commission (SEC). According to Morgan, this bad blood could potentially degenerate into a permanent feud. He made these comments in response to the reactions towards the recently issued Wells Notice by the SEC to Robinhood.

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12m ago•