The U.S. Securities and Exchange Commission (SEC) subpoenaed Robinhood over its digital asset services. The subpoena was issued shortly after cryptocurrency exchange FTX declared bankruptcy in November.
The company disclosed this in its annual financial report in the “risk” category.
Robinhood also acknowledged that a lawsuit from the SEC and the recognition of cryptocurrencies as securities, could lead to the termination of digital asset trading on its platform.
Holpop News
Holpop News
SEC subpoenaed Robinhood over its cryptoservices
posted on February 28, 2023 by holpop in Blockchain
