Coin

<ul class="news-points">
 <li>SEC’s crypto crackdown persists despite industry compliance efforts, signaling ongoing regulatory ambiguity.</li>
 <li>Robinhood’s proactive delisting highlights the challenges of navigating SEC scrutiny in the crypto space.</li>
 <li>Increased SEC enforcement under Gensler raises concerns about regulatory overreach and market impact.</li>
</ul>
The SEC’s intense legalistic activity targeting both large and small, has become a prominent feature of the regulatory landscape. <a href="https://coinedition.com/crypto-industry-reacts-over-the-secs-wells-notice-to-robinhood/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Recently</a>, Robinhood found itself in the crosshairs of the U.S. Securities and Exchange Commission (SEC), receiving a Wells memo indicating that legality proceeding is soon to follow due to likely securities violations.
In response to the SEC’s investigative subpoenas regarding its crypto operations, Robinhood made earnest efforts to comply, even<a href="https://www.cnbc.com/2024/05/06/robinhood-says-sec-could-pursue-enforcement-actions-over-crypto-operations.html" target="_blank" rel="noopener noreferrer nofollow"> applying </a>to become a special purpose crypto broker-dealer. However, despite these efforts, the fintech firm now faces the prospect of litigation.
<a href="https://newsroom.aboutrobinhood.com/robinhood-response-to-receipt-of-wells-notice-from-the-u-s-securities-and-exchange-commission/" target="_blank" rel="noopener noreferrer nofollow">Dan Gallagher</a>, Robinhood’s legal, compliance, and corporate lead, emphasized the firm’s years-long engagement with the SEC regarding its crypto offerings. Gallagher contends that the assets listed on their platform are not securities…
The post <a href="https://coinedition.com/secs-crypto-crackdown-persists-despite-industry-compliance-efforts-whats-next/" rel="noopener noreferrer nofollow">SEC’s Crypto Crackdown Persists Despite Industry Compliance Efforts: What’s Next?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC’s Crypto Crackdown Persists Despite Industry Compliance Efforts: What’s Next?

Coin Edition

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