Another Wells notice has hit the crypto industry as the United States Securities and Exchange Commission intensifies its scrutiny.
Another Wells notice has hit the crypto industry as the United States Securities and Exchange Commission intensifies its scrutiny, targeting Robinhood.
Like other crypto firms that have received similar notices from the agency — including Coinbase, Kraken and Uniswap — Robinhood has promised to fight any SEC action while complaining about the lack of federal guidance.) futures exchange-traded fund just three weeks before the SEC is set to make a decision, and crypto exchange Coincheck is on its way to becoming a Nasdaq-listed company.
on May 4, signaling potential enforcement action over alleged securities violations. According to a regulatory filing, the SEC has been investigating the platform’s cryptocurrency listings and custodian operations despite Robinhood’s attempts to comply with regulations — including avoiding the listing of certain tokens or providing crypto lending and staking services.
. According to a May 7 press release, the companies filed a Form F-4 registration statement with the U.S. SEC, marking a milestone in their two-year journey toward a public offering. Initially disclosed in March 2022, the proposed business combination aims to make Coincheck a publicly traded entity through a de-SPAC transaction with Thunder Bridge. Originally valued at $1.
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