<\/p>\n
The CEO of trading giant Robinhood is hitting back at the U.S. Securities and Exchange Commission (SEC) after receiving the regulator\u2019s Wells notice.<\/p>\n
Robinhood head Vlad Tenev\u00a0took to X<\/a>\u00a0today to decry the\u00a0SEC\u2019s\u00a0planned action against Robinhood Crypto.<\/p>\n \u201cOver the last three years,\u00a0we\u2019ve\u00a0reached a state of regulatory onslaught that\u00a0is harmful to\u00a0American companies and consumers. <\/em><\/p>\n The\u00a0SEC\u2019s\u00a0continued attack on crypto, coupled with recent rule proposals like the one related to predictive data analytics, mark yet another improper attempt by the administrative state to stifle innovation.\u201d<\/em><\/p>\n Furthermore, Tenev\u00a0says<\/a> that Robinhood will fight the charges in the courts if push comes to shove.<\/p>\n \u201cWhile we strive to maintain positive and productive relationships with our regulators, if\u00a0necessary\u00a0we will use our resources to contest this matter in the courts, with the intent of both defending our crypto business and establishing regulatory clarity in the United States for the benefit of our customers.\u201d<\/em><\/p>\n The regulator recently informed Robinhood Crypto that the regulatory agency will soon be\u00a0pursuing<\/a>\u00a0legal action against the trading platform.<\/p>\n According to an\u00a08-K Filing<\/a> submitted over the weekend, Robinhood\u2019s crypto trading arm, Robinhood Crypto, recently received a Wells Notice, a warning issued by the SEC that it\u2019s planning to pursue legal action against a company.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/prodigital art<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The CEO of trading giant Robinhood is hitting back at the U.S. Securities and Exchange Commission (SEC) after receiving the regulator\u2019s Wells notice. Robinhood head Vlad Tenev\u00a0took to X\u00a0today to decry the\u00a0SEC\u2019s\u00a0planned action against Robinhood Crypto. \u201cOver the last three years,\u00a0we\u2019ve\u00a0reached a state of regulatory onslaught that\u00a0is harmful to\u00a0American companies and consumers. The\u00a0SEC\u2019s\u00a0continued attack on […]<\/p>\n","protected":false},"author":2,"featured_media":106606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-297504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=297504"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297504\/revisions"}],"predecessor-version":[{"id":297507,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297504\/revisions\/297507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/106606"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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