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BNB
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$597.61 1.89542
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$146.55 1.79453
Solana price
XRP
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$2.13 -1.17141
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Shiba Inu
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Pepe
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Bonk
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dogwifhat
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BNB
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Solana
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$146.55 1.79453
Solana price
XRP
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$2.13 -1.17141
XRP price
Shiba Inu
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$0.0000127 0.1655
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Pepe
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Bonk
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dogwifhat
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Bitcoin
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Bitcoin price
Ethereum
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$1,819.41 0.59591
Ethereum price
BNB
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$597.61 1.89542
BNB price
Solana
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$146.55 1.79453
Solana price
XRP
XRP (XRP)
$2.13 -1.17141
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000127 0.1655
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -2.01614
Pepe price
Bonk
Bonk (BONK)
$0.000017 3.35187
Bonk price
dogwifhat
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$0.547612 -0.35948
dogwifhat price
Popcat
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$0.383198 5.24854
Popcat price

Robinhood reassessing crypto offerings in response to SEC crackdow

Yana Khlebnikova
Edited by
News
Robinhood reassessing crypto offerings in response to SEC crackdow

Robinhood is now reevaluating its crypto offers in light of recent crackdowns by the Securities and Exchange Commission (SEC). 

According to legal head Dan Gallagher’s testimony before Congress on June 7, Gallagher, Robinhood is now analyzing the regulator’s findings to decide the best course of action.

The SEC has sued Binance Holdings Ltd and Coinbase Global exchanges for allegations that they have listed unregistered securities tokens.

Recent SEC actions have implicated some coins accessible on Robinhood’s platform, even though the platform offers customers access to a very restricted variety of cryptocurrencies. Currently, it’s just 18 distinct tokens to choose from compared to Coinbase’s broad range.

Based on this week’s legal proceedings, the SEC has classed Robinhood tokens like solana, cardano, and polygon as securities.

Because of this change, Robinhood is looking closer at its existing crypto products to ensure they meet all applicable regulations and resolve customer concerns. The corporation is reviewing the SEC’s investigation into the new cases to ascertain what steps it should take next.

The results of this analysis will likely impact the tokens offered on the platform, which might lead to changes in the existing token issuing schedule.