Previous Close | 21.85 |
Open | 23.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 115.00 |
Expire Date | 2026-01-16 |
Day's Range | 21.85 - 23.00 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Robinhood said it got an SEC warning that the trading platform could face an enforcement action related to its US crypto business.
Outside political groups tied to the cryptocurrency industry have raised more than $102 million to spend on the upcoming U.S. congressional elections in order to elevate candidates who are friendly to digital assets, according to a report from Public Citizen. Only two other political groups, or super PACs, have raised more money than the crypto sector this election cycle, Public Citizen said. The money raised by crypto-backed super PACs shows how crypto companies are hoping to influence policies in their favor as the industry is facing increased scrutiny from regulators such as the Securities and Exchange Commission, as well as lawmakers.
Retail trading platform Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. "We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be," Dan Gallagher, chief legal, compliance and corporate affairs officer at Robinhood, said.