Robinhood braces for SEC charges over crypto trading ...Middle East

The Hill - Technology
Robinhood braces for SEC charges over crypto trading
source : The Hill ( Middle East ) () 77
The online trading platform Robinhood is bracing for a potential lawsuit or administrative order from the Securities and Exchange Commission (SEC) over its cryptocurrency offerings. In a recent regulatory filing, the platform revealed that Robinhood Crypto, its digital currency trading operation, received a "Wells Notice" from the SEC — a formal warning of a pending enforcement action. “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business,” said Dan Gallagher, Robinhood's chief legal, compli

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