The SEC has been investigating Robinhood's crypto unit for some time
2024-05-06 17:56:56
Robinhood's crypto division received a Wells notice from the Securities Exchange Commission (SEC) on May 4. According to the May 8 filing, commission staff led by SEC Chairperson Gary Gensler had been investigating Robinhood's "cryptocurrency listings, cryptocurrency custody, and platform operations" for some time before recommending enforcement action against it.
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