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News Explorer — Robinhood CEO Rails Against SEC ‘Regulatory Onslaught’

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May 7, 4:58 pm
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Robinhood CEO Rails Against SEC ‘Regulatory Onslaught’

Robinhood CEO Vlad Tenev has received a Wells Notice from the SEC, signaling a potential enforcement action against the retail trading platform. Tenev criticized the SEC's "regulatory onslaught" and described it as an attempt to stifle innovation in the crypto industry. Robinhood Crypto had previously faced regulatory hurdles and had stopped supporting tokens deemed securities by the SEC.

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