SEC intends to sue Robinhood Crypto (hexbear.net)

submitted 6 months ago by OutrageousHairdo@hexbear.net to c/chapotraphouse@hexbear.net

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Link to post in screenshot: https://www.web3isgoinggreat.com/?id=sec-sends-wells-notice-to-robinhood-crypto

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[-] flan@hexbear.net 11 points 6 months ago

i dont understand why this was treated on a case by case basis. How were some securities but others not? Most are just ethereum smart contracts.

[-] OutrageousHairdo@hexbear.net 8 points 6 months ago

Because the crypto companies really really wanted them to not be securities and kinda just went "Nahnahnah, I can't hear you!" This is just the SEC slowly working through its backlog because suing an entire industry isn't something it was ever really intended to do.