Robinhood CEO Vlad Tenev has become Wall Street’s latest power player to blast a wave of enforcement action notices from the Securities and Exchange Commission (SEC).The retail trading platform “The SEC’s continued attack on crypto, coupled with recent rule proposals, […] mark yet another improper attempt by the administrative state to stifle innovation,” Tenev said in a Twitter Following similar warnings sent to the Ethereum giant Over the last three years, we’ve reached a state of regulatory onslaught that is harmful to American companies and consumers. The SEC’s continued attack on crypto, coupled with recent rule proposals like the one related to predictive data analytics, mark yet another improper…— Vlad Tenev (@vladtenev) May 6, 2024Testifying before lawmakers on Capitol Hill last year, Robinhood Markets Chief Legal, Compliance, and Corporate Affairs Officer Dan Gallagher “Unlike some of our competitors that have grown quickly and list hundreds of digital assets on their platform, Robinhood Crypto has taken a more conservative approach,” Gallagher said, adding that it “does not list digital asset securities” among the 18 tokens available on its platform.After the SEC sued Binance and Coinbase last year, however, Robinhood Crypto During his testimony, Gallagher, who served as an SEC Commissioner from 2011 to 2015, also said it was “critical” to address the lack of regulatory clarity in crypto, so companies need not worry about “the constant threat of crippling enforcement actions.”Robinhood Crypto has encountered regulatory hurdles before. Penalized by the New York Department of Financial Services in 2022, the company paid On top of that, Robinhood agreed to pay Nonetheless, Tenev Edited by Andrew Hayward
