As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their cryptocurrency offerings.
The SEC has embarked on crackdown actions against two top cryptocurrency exchanges, Binance and Coinbase itemizing several digital assets on the platforms as unregistered securities.
Amid this development, Robinhood Markets Inc. is reviewing its crypto offerings, as a June 6 Bloomberg report revealed.
Robinhood Legal Chief Testifies At A Congress Hearing On Crypto Regulation
Robinhood Markets’ chief legal officer, Dan Gallagher, told US Congress on Tuesday, June 6, that the brokerage firm wants to review SEC’s analysis to determine what to do. On June 6, the House Committee of Agriculture convened a hearing tagged “The Future of Digital Assets: Providing Clarity for Digital Assets Spot Markets.”
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