Robinhood Targeted in Regulator Crypto Crackdown

Published by
The Street

By Luc Olinga The U.S. Securities and Exchange Commission subpoenaed the Robinhood brokerage about its cryptocurrency-related activities. Robinhood is next in the crosshairs of US regulators. Since the overnight bankruptcy of cryptocurrency exchange FTX and its sister company Alameda last November, regulators have stepped up their offensive against the crypto space. This crackdown is playing out on several fronts. The first is in court. The Department of Justice accused Sam Bankman-Fried, the founder of FTX and Alameda, of several counts of fraud. The former crypto king faces as much as 115 ye…

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