Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities.
Robinhood Reviews Cryptocurrency Offerings Amid U.S. Crackdown on Leading Exchanges
U.S.-based online broker Robinhood Markets is taking a look at its digital coin offerings following the SEC’s decision to crack down on Binance, the world’s largest crypto exchange, and Coinbase, the leading digital asset exchange in the United States.
The financial services company is “actively reviewing” the regulator’s analysis “to determine what, if any, actions to take,” the firm’s Chief Legal Compliance and Corporate Affairs Officer Dan Gallagher said, quoted by Bloomberg.
Gallagher, who is a former SEC commissioner, announced the move when he testified in Congress before the House Agriculture C
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