Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»SEC Issues Robinhood Crypto with Wells Notice, Citing Allegations of Securities Violations.
ADOPTION NEWS

SEC Issues Robinhood Crypto with Wells Notice, Citing Allegations of Securities Violations.

By Crypto FlexsMay 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Issues Robinhood Crypto with Wells Notice, Citing Allegations of Securities Violations.
Share
Facebook Twitter LinkedIn Pinterest Email

Robinhood Crypto, the cryptocurrency arm of brokerage Robinhood Markets, received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on May 4.

The exchange said in a Form 8-K filed today that SEC staff has made a preliminary decision to recommend enforcement action against the cryptocurrency unit alleging securities violations.

“After years of good faith efforts with the SEC for regulatory clarity, including the well-publicized ‘come in and register’ attempt, we are disappointed that the agency has decided to issue Wells notices related to its U.S. cryptocurrency operations.” Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer at Robinhood Markets, Inc, said in a statement: “We firmly believe that the assets listed on our platform are not securities, and we look forward to working with the SEC to clarify how weak the case against Robinhood Crypto is on both fact and law.”

Last year, Robinhood Markets said it had received an investigative subpoena from the SEC regarding its cryptocurrency listing. Robinhood Crypto supports over a dozen cryptocurrencies for trading, including bitcoin, ether, dogecoin, and shiba inu.

Last month, decentralized cryptocurrency exchange Uniswap received a Wells Notice from the SEC. “It’s been clear for some time that the SEC has decided to focus on attacking long-standing good actors like Uniswap and Coinbase rather than creating clear, informed rules,” Uniswap founder Hayden Adams said at the time.

Ethereum development studio Consensys also received a Wells notice from the SEC in the same month. Consensys later sued the SEC, saying regulating ether as a security would jeopardize the U.S.’s ability to use Ethereum and other blockchains. “These impacts will extend far beyond digital asset trading, jeopardizing the future of countless new innovations, products, and American jobs that the next generation of the Internet will unleash,” Consensys said at the time.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

BTC price target expected to be $135,000 in 2025 — if Bitcoin bulls avoid a 25% decline

October 10, 2024

Bitcoin Price explodes at a new all-time high-the bull takes the lead.

May 22, 2025

BNB price could bounce 10% to clear $250 and retest this key resistance.

December 20, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.