Robinhood to Assess Crypto Offerings Following Recent Binance, Coinbase News
The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI. Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency […] The post Robinhood to Assess Crypto Offerings Following Recent Binance, Coinbase News appeared first on LeapRate.
The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI.
Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency exchange Coinbase with operating its platform as an unregistered national securities exchange, broker, and clearing agency.
The SEC stated that “since 2019, Coinbase has been engaging in an unregistered securities offering through its staking-as-a-service program.”
While Bloomberg said Robinhood did not specify the actions it will take, the feeling is that it will likely delist the cryptocurrencies that the SEC has deemed are unregistered securities.
Earlier this year, Robinhood revealed it received an investigative subpoena in December from the SEC related to listings of cryptocurrencies.
The post Robinhood to Assess Crypto Offerings Following Recent Binance, Coinbase News appeared first on LeapRate.
