Another one bites the dust

And then there were three. 

Robinhood has become the latest company to receive a crypto-related Wells notice from the Securities and Exchange Commission.

If you don’t know what a Wells notice is, you might be new to crypto. The notice is basically a heads-up given to a company that the SEC completed an investigation and may pursue an enforcement action against them. 

The notice doesn’t always mean that legal action will play out, but this is crypto.

This time last year, for example, we were playing the waiting game after Coinbase was served with a Wells notice in March. The SEC then filed a suit against the exchange company in June. 

As I previously…

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