The SEC issued a subpoena to Robinhood last November, and Robinhood may stop trading digital assets

2023-02-28 08:00:14

Collection

ChainCatcher news, the cryptocurrency trading platform Robinhood disclosed in its annual financial filing released on Monday local time that the U.S. Securities and Exchange Commission has issued a subpoena regarding its cryptocurrency services. Robinhood also acknowledged that the legal actions by the U.S. Securities and Exchange Commission, as part of its business risk list, could lead to the cessation of digital asset trading on its platform. It is reported that Robinhood received the subpoena shortly after FTX filed for bankruptcy in November. The subpoena pertains to information on topics such as "cryptocurrency listings, cryptocurrency custody, and platform operations."

Robinhood stated: "If the U.S. Securities and Exchange Commission or a court determines that any cryptocurrency supported by our platform is a security, that decision could prevent us from continuing to facilitate the trading of those cryptocurrencies (including stopping support for such cryptocurrencies on the platform)." (The Block)

Related tags

Robinhood US regulation SEC

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.