Security and exchange commission in US has been trying to target Crypto exchange is and we have seen in the past how they issued notice to some of the Crypto exchange. Now SEC has issued notice to the Robin hood Crypto exchange and looks like the exchange commission is trying to target more crypto exchanges in the country.
Government in the US is trying to control these companies operating in Crypto and such actions are clear indication that the government is now trying to capture this market as much as possible through the regulation how you are not many things are still clear.
We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be," Dan Gallagher, chief legal, compliance and corporate affairs officer at Robinhood, said.
Basically the security and exchange commission is trying to say that most of Crypto coins are security is and securities cannot be traded on such Crypto exchanges. Achieve legal and compliance officer from Robin hood has confirmed that the coins they are dealing with or not crypt to securities and they are ready to take it up with SEC.
Recently we have seen how the uniswap protocol was issued the notice by sec and looks like a new trend has been started which will continue to target money exchanges having presence or based out in US.
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