Express

SEC Issues Wells Notice to Robinhood’s US Crypto Business

Mary Liu

Summary: Robinhood Markets Inc. said the U.S. Securities and Exchange Commission issued a Wells Notice targeting its crypto business in U.S. markets, with the SEC telling the company it expects to file enforcement actions over alleged securities violations. Dan Gallagher, chief legal, compliance and corporate affairs officer of Robinhood said in a statement: “We firmly believe ...

Robinhood Markets Inc. said the U.S. Securities and Exchange Commission issued a Wells Notice targeting its crypto business in U.S. markets, with the SEC telling the company it expects to file enforcement actions over alleged securities violations.

Dan Gallagher, chief legal, compliance and corporate affairs officer of Robinhood said in a statement: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.” 

Last Update:

Tags: ,,
Link: SEC Issues Wells Notice to Robinhood’s US Crypto Business   [Copy]
Next:

Related Articles

  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 9 hours ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago

    • You need to login to comment.