Robinhood Says It Obtained SEC Subpoena Over Crypto Products and companies Shortly After FTX Collapse

Robinhood Says It Bought SEC Subpoena Over Crypto Companies and products Presently After FTX Collapse

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  • Robinhood (NASDAQ:HOOD) acknowledged the SEC needs to know more about its crypto products and companies, in conjunction with listings, crypto custody, and platform operations.
  • Robinhood acknowledged it may per chance maybe per chance favor to delist some cryptocurrencies if they’re deemed unregistered securities by the SEC.
  • Robinhood on the 2d supplies 18 cryptocurrencies.

Robinhood, a securities brokerage company that also supplies cryptocurrency products and companies, has printed that it’s been stricken by the fall down of FTX gradual last year.

The corporate disclosed in a 10-Okay filing that it got a subpoena from the U.S. Securities and Alternate Charge (SEC) last December touching on to its “cryptocurrency listings, custody of cryptocurrencies and platform operations.â€

A subpoena is a proper written repeat to testify sooner than a court docket or provide paperwork for the duration of an active investigation. Robinhood acknowledged it has also got a subpoena from the California Lawyer General’s...

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