The popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday. The notice should be viewed as a “continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities,” analysts led by Nikolaos Panigirtzoglou wrote.
Source: https://www.coindesk.com/markets/2024/05/09/robinhood-wells-notice-shouldnt-deter-eventual-approval-of-an-ether-spot-etf-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines