Follow Us @
SEC Will Stop Investigation of Ethereum Crypto
Previously, Robinhood, a popular trading platform, had received a Wells notice from the United States Securities and Exchange Commission (SEC), which led to a 2.5% drop in its stock price during pre-market trading.
Wells' notice is an official letter sent by the US securities regulator signaling the conclusion of its investigation, in this case, into US-based crypto business Robinhood.
The SEC has concluded a preliminary determination to recommend enforcement action regarding alleged securities violations.
The investigation follows Robinhood's efforts to register with the US securities watchdog, as highlighted by Dan Gallagher, head of legal, compliance and corporate affairs at Robinhood Markets.
Gallagher expressed disappointment with the SEC's decision, saying it followed years of good faith efforts to work with the SEC for regulatory clarity.
“This includes our well-known efforts to ‘sign in and register,’ we are disappointed that the agency decided to issue an SEC decision. Wells' notice relates to our US crypto business,” said Gallagher, quoted from Yahoo Finance, Wednesday (8/5/2024).
SEC Will Stop Investigation of Ethereum Crypto
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
