Ethereum

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-targets-robinhood-in-latest-legal-move/" data-wpel-link="internal">SEC Targets Robinhood in Latest Legal Move</a> 
Bitcoin price was just recovering when bad news started to emerge. Investors who were hopeful today are now unhappy. A few minutes ago, Reuters delivered the bad news. The SEC, which has been initiating legal battles against crypto <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">companies</a>, has now targeted the Robinhood exchange. 
<h2 style="text-align: justify" id="why-are-cryptocurrencies-falling">Why Are Cryptocurrencies Falling?</h2> 
The Robinhood platform, widely used by individual <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> for stock and cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investments</a>, has long supported cryptocurrencies. However, like it has done with other crypto-related companies, the SEC is also going to sue it. According to an announcement made by Reuters a little while ago, the SEC sent a Wells Notice to Robinhood, which is a preliminary notification before a lawsuit. An official lawsuit is expected to be initiated soon. 
<blockquote> 
 “The SEC sent us a Wells Notice, which is a notification of a pending lawsuit regarding the cryptocurrency-related services we offer in the US. This has disappointed us.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-348265 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/robinhood-dava.png" alt="" width="1007" height="347"> 
Following the news, the price of Bitcoin fell below $63,800. The SEC, which has sued dozens of companies including the Ethereum ecosystem, <a href="https://en.coin-turk.com/ripple-achieves-new-milestones-in-its-blockchain-journey/" data-wpel-link="internal">XRP</a>, Binance, and Coinbase, believes there is no need for new rules in this area. Instead, it tries to discipline the industry through sanctions within the framework of 100-year-old laws. However, this approach has drawn criticism from its own members and judges alike. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-targets-robinhood-in-latest-legal-move/" data-wpel-link="internal">SEC Targets Robinhood in Latest Legal Move</a></h5>

SEC Targets Robinhood in Latest Legal Move

Table of Contents

COINTURK NEWS

Other articles published on May 6, 2024

Harga XRP Lesu, Efek Balasan Singkat SEC yang Akan Datang?

Crypto Price Analysis: BTC, ETH, TON, OP, and WLD Give Mixed Signals

Key Developments in Bitcoin and Crypto Markets

Hottest Crypto Projects in 2024: Tron (TRX), DTX Exchange (DTX) & Bittensor (TAO)

Crypto: These whales take control by massively buying altcoins

Massive Rumor: Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese

Join our free newsletter for daily crypto updates!