Previous close | 7.47 |
Open | 7.40 |
Bid | 7.70 |
Ask | 7.90 |
Strike | 10.00 |
Expiry date | 2024-05-10 |
Day's range | 7.40 - 7.47 |
Contract range | N/A |
Volume | |
Open interest | 9 |
Robinhood said it got an SEC warning that the trading platform could face an enforcement action related to its US crypto business.
Robonhood (HOOD) disclosed that the US Securities and Exchange Commission has sent the company a Wells Notice over its crypto business. A Wells Notice is a notification that the regulator is planning to bring an enforcement action against the company. In a blog post, Robinhood's Chief Legal, Compliance, and Corporate Affairs Officer Dan Gallagher says “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business," adding that the company intends to engage with the regulator. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
One of the major limitations to getting involved in Web3 is the lack of affordable and easy funding options. Often investors have to open an account and go through a dedicated crypto brokerage or through a third-party payment app to get their tokens into a wallet. This process can be tedious and time-consuming, preventing crypto enthusiasts from accessing the powers of decentralized applications (dApps). Robinhood has teamed up with Uniswap to try and solve this problem. The Robinhood Connect pr