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Robinhood – The SEC Is Coming
Robinhood, the popular and occasionally berated trading app, might need to swap its feathered cap for a helmet, as the SEC has lobbed another legal grenade at the crypto industry. So, what’s on the chopping block this time? Robinhood’s cryptocurrency trading platform could face the wrath of the securities watchdog, according to the company. It's not just another day at the sheriff's office; it’s a potential showdown at the crypto corral. You can read Robinhood’s official response here. On May 4, Robinhood received a not-so-welcoming gift from the Securities and Exchange Commission (SEC): A Wells Notice. This ... (full story)