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Robinhood Markets Receives SEC Subpoena Related to Cryptocurrency Business

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9 months ago

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THE United States Securities and Exchange Commission warned Robinhood Markets Inc. that it faces enforcement action over its cryptocurrency business — the latest sign that the regulator is not giving up its years-long crackdown on digital assets.

Robinhood, best known for stock trading, said Monday that SEC enforcement staff had sent the company a notice to Wells, indicating it had made an initial decision to recommend enforcement action. The company’s shares rose as much as 2.8% in New York.

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