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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

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