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Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. According to a May 8 filing, the Gary Gensler-led Commission staff had been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it. Dan Gallagher, the chief […]
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SEC issues Wells Notice against Robinhood, crypto community calls it ‘scare tactics’
