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Cryptocurrency and stock trading app Robinhood announced it will be ending support for Cardano, Polygon and Solana — all tokens labeled as unregistered securities by the United States Securities and Exchange Commission (SEC) in its recent legal actions against crypto exchanges Binance and Coinbase. In a June 9 update, Robinhood said it
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“When Chair Gensler at the SEC in 2021 said, ‘Come in and register,’ we did,” said Robinhood Markets' chief compliance lawyer Dan Gallagher in his testimony. “We went through a 16-month process with the SEC staff trying to register a special purpose broker dealer. And then we were pretty summarily
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“When Coinbase has attempted to do just that, to talk about how we could register as a broker-dealer or an [alternative trading system] or even as a [national securities exchange] after months and months of discussion, we’re simply dismissed with no response or any counter proposal or ideas coming back
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Crypto market prices have tumbled significantly since the news began to make rounds. Altcoins like Solana (SOL), Cardano (ADA), Polygon (MATIC) and many other tokens face the possibility of being delisted from Robinhood Markets Inc (NASDAQ: HOOD), after the United States Securities and Exchange Commission (SEC) charged Binance and Coinbase Global
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Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill. The trio will be sharing their firm's, or agency’s views on a proposed bill that could see certain crypto tokens classified as digital commodities, among
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Online trading platform Robinhood (HOOD) reported cryptocurrency trading revenue of $38 million for Q1 2023, a decline of around 30% compared to $54 million for the year-earlier period, according to the company's earnings results. On a quarterly basis, however, crypto revenue declined just 1%. Source
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Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the secretary of the commonwealth of Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.Under Secretary of the Commonwealth of Massachusetts William Galvin, the office's securities division
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As part of its efforts to drive Web 3.0 adoption, Robinhood also announced some other new features. Robinhood has announced a new feature that permits users of its crypto wallet to access their funds from other decentralized finance (DeFi) apps and protocols. According to the update, users no longer have to open
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robinhood has launched Robinhood Connect, an update that empowers its crypto wallet users to access their funds and credentials directly through decentralized finance applications, eliminating the need for the Robinhood app itself. Robinhood has unveiled Robinhood
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Robinhood Connect will also let developers embed the feature directly into their dapps, so that Robinhood users can buy, transfer and fund their self-custody wallets, the company announced at CryptoX's Consensus 2023 conference in Austin, Texas. "With the introduction of [Robinhood] Connect, customers will be able to access their Robinhood
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