Robinhood’s SEC battle asks if crypto is a security. The answer could change how we trade.
On Monday, Robinhood HOOD, +1.18% revealed that its crypto business received a Wells notice from the SEC. This notice follows a longer SEC investigation, and is meant to inform Robinhood that the agency has gathered evidence against potential infractions and give the company a chance to respond.
Robinhood May Face SEC Enforcement Over Its US Crypto Business
Key Takeaways Online trading platform Robinhood said Monday that it has received a Wells Notice from the SEC recommending enforcement against the company's cryptocurrency platform.The SEC previously took similar actions against Coinbase and Kraken for failing to register as broker-dealers and sale of crypto tokens considered unregistered
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The agency could seek an order that would prevent the popular brokerage firm from trading certain crypto assets.
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Robinhood Markets Inc. has received a notice from the Securities and Exchange Commission about alleged securities violations ...
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