Robinhood ‘Actively’ Reviews Crypto Offering After SEC Widens Industry Crackdown

Robinhood ‘Actively’ Reviews Crypto Offering After SEC Widens Industry Crackdown



According to the company's legal officer Dan Gallagher, Robinhood Markets is apparently decreasing its crypto offers in light of the industry's growing scrutiny.



The action was taken after the securities regulator launched two lawsuits against two market titans, Binance and Coinbase, who collectively account for half of all cryptocurrency trading activity worldwide.



While testifying before the House Agriculture Committee during a meeting focused on digital assets, Gallagher, a former SEC commissioner, said Robinhood is “actively reviewing” the US Securities and Exchange Commission’s (SEC) analysis “to determine what, if any, actions to take.”



On the other hand, users of Robinhood have access to 18 other types of digital assets, including Solana (SOL), Cardano (ADA), and Polygon (MATIC), which are now recognized as unregistered


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#Cryptonewstoday, #Regulations, #Robinhood, #SEC

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