The popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday. The notice should be viewed as a “continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities,” analysts led by Nikolaos Panigirtzoglou wrote.
Robinhood (HOOD) Wells Notice Shouldn’t Deter Eventual SEC Approval of an Ether (ETH) Spot ETF: JPMorgan
