This week’s Crypto Biz features Robinhood’s Wells notice, Grayscale’s Ether ETF application, Coincheck’s merger deal and Block’s billionaire debt offering.
Another Wells notice has hit the crypto industry as the United States Securities and Exchange Commission (SEC) intensifies its scrutiny, targeting Robinhood.
The popular trading platform received the notice on May 4, signaling potential enforcement action over alleged securities violations related to cryptocurrency listings and custodian operations.
Like other crypto firms that have received similar notices from the agency — including Coinbase, Kraken and Uniswap — Robinhood has promised to fight any SEC action while complaining about the lack of federal guidance.
