Congressman Rose accused the SEC of overstepping its bounds and hindering fintech innovation by taking action against Robinhood.
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Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case.
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. According to a May 8 filing, the Gary Gensler-led Commission staff had been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it. Dan Gallagher, the chief […]
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The SEC is planning to file an "enforcement action" against Robinhood's cryptocurrency business, according to the Wells Notice.
Robinhood Crypto received a Wells Notice from the SEC, indicating a potential lawsuit over alleged violations of securities laws.
The post SEC targets Robinhood for alleged securities law breaches appeared first on Crypto Briefing.
ARK Invest started dumping large amounts of Robinhood stock for the first time after aggressively buying HOOD shares last year.
Cathie Wood’s ARK Invest continues taking profits from its Coinbase stash as the stock is hitting multiyear highs.
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
Users of Robinhood’s self-custody wallet will have access to Arbitrum swaps in the next coming months.
The shares of the popular trading platform rose 15% after beating earnings and revenue estimates.