Robinhood checks crypto offer Active after the SEC has expanded to take part in the industry

Robinhood checks crypto offer Active after the SEC has expanded to take part in the industry
According to Dan Gallagher, Robinhood Markets, the company's right-wing chief, weighs his crypto offers because the procedure is tightened against the industry. The step takes place because the security supervisory authority targeted a broad part of the market for digital assets and submitted two complaints against two heavyweights - Binance and Coinbase - which together make up half of the worldwide trade in cryptocurrencies.
- as Gallagher, a former SEC commissioner, before the House of Representatives Agriculture Committee on the subject of digital assets, he said, Robinhood tested "Active" the analysis of the US stock exchange supervisory authority (SEC), "to determine which measures may be taken." . “
- Robinhood, on the other hand, offers users access to 18 different digital assets, including Solana (SOL), Cardano (ADA) and Polygon (Matic), which due to the complaints of the SEC are now considered non -registered securities.
- Although the cryptophery of the investment company noted on the Nasdaq is relatively limited compared to Binance and Coinbase, it does not want to attract the attention of the Sec.
- The brokerage company already had problems with several supervisory authorities based in the USA due to its business. At the beginning of the year, Robinhood was sentenced to payment of fines of over $ 10 million because it had registered operational defects that had a negative impact on investors during the COVID 19 crisis.
- In addition, the company was occupied by the New York State Department of Financial Services (NYDFS) last summer due to violation of laws to combat money laundering and cyber security with a penalty of $ 30 million.
- The authority also found “significant defects” in the company's compliance program and allegedly followed guidelines that were not in line with the NYDFS regulations for virtual currencies and cyber security.
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