- She came back in December after the bankruptcy of FTX
- The claims of the regulator relate to the issues of listing, storage and operations with cryptocurrencies
- Previously, Robinhood has already participated in proceedings and paid fines
American crypto exchange Robinhood Markets reportedthat they are facing litigation with the SEC regulator. It will deal with issues of listing, storage and operations with digital assets.
The subpoena came in December, right after FTX went bankrupt. Therefore, the crypto exchange connects this case with the fact that the regulator began to actively check crypto companies.
“In December, after numerous crypto bankruptcies in 2022, we received a subpoena from the SEC. It concerns, among other things, cryptocurrencies supported by the RHC, the storage of cryptocurrencies and operations on the platform.
The statement says that a court case may require the platform to be shut down.
Recall that in August Robinhood received a $30 million fine from the New York District of Financial Services. The reason was that the platform “did not observe a culture of compliance and did not invest in investor protection tools.”
Note that now we are not talking about a guaranteed trial. After receiving the summons, the court will conduct an investigation and decide whether there are grounds for initiating a case.
Recall that the SEC recently banned staking on Kraken and charged them with a fine of $30 million. Therefore, it is not surprising that they took on other crypto companies as well.