The U.S. Securities and Exchange Commission (SEC) is intensifying its regulatory actions against major cryptocurrency companies, including Robinhood, Kraken, Coinbase, Uniswap, and Metamask. This aggressive stance, described by some as a 'carpet bombing campaign', has led to the issuance of multiple Wells Notices, signaling potential enforcement actions. The SEC's actions, which some critics argue could undermine the agency's legitimacy and affect political outcomes, have sparked significant controversy within the crypto community. Additionally, the Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has indicated that the crypto industry should expect a surge in enforcement actions over the next 6-24 months due to the sector's rapid growth and lack of clear regulations. Notably, Robinhood was forced to sell $SOL at less than $20, and the SEC has also proposed new rules on predictive data analytics. Despite its conservative approach to digital asset listings, Robinhood has been a major target.
Gary Gensler says that #crypto is an outsized piece of scams, frauds and problems in the overall market Now do the traditional finance and banking sector Gary https://t.co/5qAtv1DXYb
SEC Chair Gary Gensler says investors lack needed crypto disclosures following multiple Wells Notices, according to CNBC. https://t.co/iOi01GDSSO
BREAKING: GARY GENSLER SAYS THAT CRYPTO IS AN OUTSIZED PIECE OF THE SCAMS, FRAUDS, AND PROBLEMS IN THE OVERALL MARKETS https://t.co/HYEhdJLmIQ
🎧 Why does the @SECGov go after @RobinhoodApp? Tune in to find out why the crypto market is heating up and what to expect for the week ahead. 👇 https://t.co/cMLubUqA2K https://t.co/dys3VrSUxI
JUST IN‼️ - SEC Chairman Gary Gensler is asked about the SEC's current priorities, the recent Wells Notice issued to Robinhood, and more. https://t.co/2VhiYPyw9F
*SEC CHAIR GENSLER ASSERTS THAT MANY TOKENS ARE SECURITIES AFTER ROBINHOOD WELLS NOTICE: CNBC - THE BLOCK PRO
Gary Gensler: "I will crush crypto to protect investors.... Oh and here is the 7x levered inverse 0DTE ETF that goes from 100 to 0 in one trade"
.@KBWfinthink says $HOOD being issued a Wells Notice by the @SECGov is surprising given the company’s very conservative approach to digital asset listings. @willcanny99 reports. https://t.co/sgkhOdsIJ6
US CFTC CHAIR WARNS OF INCREASED LAWSUITS IN CRYPTO SECTOR: WHAT TO KNOW - The stage is set for a significant uptick in enforcement actions against crypto companies in the wake of a booming cryptocurrency bull market, according to the Chairman of the US Commodity Futures Trading… https://t.co/0qbrsiRKqH https://t.co/b7EVQQT7dR
UPDATE: CRYPTO COMPANIES WILL SEE MORE ENFORCEMENT ACTIONS - CFTC CHAIR ROSTIN BEHNAM
The SEC’s power grab on digital assets threatens US innovation https://t.co/0ZOlWgC6Ey
Good. Gensler wants settlements and fear. He’s a regulatory terrorist. Fighting back in the courts, is the only way to get justice. He’s picked fights with 3 massive businesses at once. He’s going to regret that when there judges hand down L after L. https://t.co/aU4UFVI3fX
The @SECgov exceeded its mandate to protect investors and maintain fair, orderly markets by issuing a Wells Notice to @RobinhoodApp, a precursor to enforcement action. I'm proud to help lead the effort to provide clarity by passing the FIT for the 21st Century Act so that rogue…
One possible future: SEC issues Wells Notice to Robinhood Robinhood realizes they need to fight back Robinhood relists SOL because it’s not a security and there’s nothing to lose anymore WallstreetBets traders get easy bid access to SOL SOL to $500 NFA
SEC Mulls Enforcement Against Robinhood's #Crypto Ventures, Company Says It Is Cooperating https://t.co/rikDDDh1mT
A wave of crypto enforcement actions is coming within the next two years, CFTC Chair says https://t.co/nprlU30aUD
BREAKING: @RobinhoodApp CEO @vladtenev SAYS "THE SEC'S CONTINUED ATTACK ON CRYPTO, COUPLED WITH RECENT RULE PROPOSALS LIKE THE ONE RELATED TO PREDICTIVE DATA ANALYTICS, MARK YET ANOTHER IMPROPER ATTEMPT BY THE ADMINISTRATIVE STATE TO STIFLE INNOVATION" https://t.co/xYqfmOdc40
Over the last three years, we’ve reached a state of regulatory onslaught that is harmful to American companies and consumers. The SEC’s continued attack on crypto, coupled with recent rule proposals like the one related to predictive data analytics, mark yet another improper…
CFTC ISSUES WARNING ON CRYPTO ENFORCEMENT ACTIONS - @CFTC Chairman Rostin Behnam warns of an impending surge in enforcement actions within the crypto industry due to its rapid growth and the absence of clear US regulations. - Behnam emphasizes the combination of a bullish… https://t.co/cnTeALfhPV https://t.co/90C4Xb8qpK
CFTC’s Behnam: Watch out for more enforcement actions in the next 6-24 months https://t.co/QJKRLrZrDS
JUST IN: CRYPTO WILL SEE ANOTHER CYCLE OF ENFORCEMENT ACTIONS IN THE NEXT 6-24 MONTHS SAYS CFTC CHAIRMAN
🚨NEW: CFTC Chairman @CFTCbehnam says in the next 6-24 months we’ll see another cycle of enforcement actions in the #crypto space while there’s no regulatory framework and assets appreciate and retail investors and entrepreneurs have renewed interest. https://t.co/LLZ6ypygHJ
The #crypto industry and predatory firms like @RobinhoodApp need to comply with the law, just like businesses on Main Street. The @SECGov is continuing to stand up to this lawless industry. https://t.co/18MI9J9pb0
SEC'S "CARPET BOMBING" CAMPAIGN TARGETS CRYPTO AND THE INDUSTRY REACTS - Crypto lawyers have expressed dismay over the SEC's extensive issuance of Wells Notices to prominent crypto firms, deeming it an "astonishing" focus on the crypto sector. - Concerns have emerged regarding… https://t.co/wOoUNKQNSl https://t.co/S27AoeOE5p
JUST IN: CRYPTO LAWYERS SAY SEC IS ON A "CARPET BOMBING CAMPAIGN" AGAINST CRYPTO
The SEC trying to stop crypto: https://t.co/YX9d8g2Elb
The SEC served a Wells Notice to RobinHood and the market barely blinked further proving that the global market has already priced in the mix of stupidity and insanity from the current administration of the US Government. This is continually damaging to consumers. Sure,… https://t.co/773Gnx3Fms
SEC continues its carpet bombing campaign against crypto, issuing another Wells to Robinhood You have to wonder whether at this point Gensler has bit off more than he can chew Robinhood’s CLO, Dan Gallagher, is a former SEC commissioner appointed by Obama
1/10 When the SEC was embarrassed by the courts and forced to approve the Bitcoin ETFs,, I figured even a self-interested slimeball like Gensler would worry about his reputation a bit. Instead Gensler is doubling down on his political attacks against crypto on @RobinhoodApp
Didn't Robinhood dump all their client holdings that were deemed securities at the PICO BOTTOM to cover their asses? And still got a Wells Notice? Tf is this bullshit, even Mafia shakedowns aren't this obvious https://t.co/vgl5El8Kql
The SEC is now suing Kraken, Coinbase, Uniswap, Metamask and now Robinhood for the crime of helping regular Americans access crypto. This level of regulatory overreach has destroyed the legitimacy of the SEC and may lose the democrats the election. Voters don't want this.
SEC: protecting Robinhood investors since July 2023, when their comments led Robinhood to force sell customers' $SOL at less than $20 https://t.co/iotA1Br2EQ
America's Federal Regulators Are Preparing More Lawsuits Against Crypto Companies https://t.co/H35AvtDyw1