SEC intends to sue Robinhood Crypto

3 comments

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.
- 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.
Extremely critical support to the SEC for getting it right approximately once a year