Robinhood’s Crypto Business Under Fire from SEC

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

.RobinhoodApp has received an investigative subpoena from SECGov regarding its cryptocurrency listings and operations

in its recent 10-K filing that it received an investigative subpoena from the Securities and Exchange Commission in December 2022.

The subpoena requested information on Robinhood's cryptocurrency listings, custody of cryptocurrencies, and platform operations. The subpoena comes after a turbulent year in the cryptocurrency market, with several major trading venues and lending platforms filing for bankruptcy, including FTX and Three Arrows Capital. Robinhood's stock price was also impacted in November 2022, falling by 18% on the day that FTX halted all non-fiat customer withdrawals from its platform.

Robinhood's policies and procedures are designed to assess the likelihood that a particular cryptocurrency could be deemed a security under applicable laws. However, the company has stated that these assessments are not definitive legal determinations, leaving the company vulnerable to legal or regulatory action if a cryptocurrency supported by its platform is determined to be a security under U.S. law.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 295. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

RobinhoodApp SECGov Lista

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Robinhood’s crypto business received SEC subpoenaRobinhood Markets Inc. disclosed in a filing late Monday it has received a subpoena from securities regulators regarding its cryptocurrency listings, custody... The SEC has no clear guidelines on crypto regulation . .
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »