Robinhood says SEC could pursue enforcement actions over its crypto operations
Robinhood had disclosed in February that it received subpoenas from the SEC related to its crypto business.
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Robinhood had disclosed in February that it received subpoenas from the SEC related to its crypto business.
(Bloomberg) -- The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets. Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackJudge Threatens Trump With Jail Over Gag Order ViolationsAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeTreasury Rally Risks Running Into a $125 Bi
Robinhood has received a Wells notice from the SEC’s staff, which recommends that the agency take action against the trading platform for alleged securities violations.
Robinhood accused SEC of creating a "world of confusion around crypto."
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