Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Chamber of Digital Commerce Condemns SEC for Wells Notice Against Robinhood

CointimeCointime2024/05/07 00:25
By:Cointime

The Digital Chamber of Commerce, a cryptocurrency trading association, condemned the SEC's submission of a Wells notice to Robinhood Crypto. In a statement released on May 6th, the association expressed "deep disappointment and concern" about this action and called it an example of excessive regulation.

The Digital Chamber emphasized that it has always opposed the SEC's expansion of its jurisdiction without congressional authorization. It noted that Congress is actively considering legislation to define regulatory jurisdiction over cryptocurrencies and that the SEC has violated this process.

To address the jurisdictional issue, the Digital Chamber urged "immediate legislative action" and called for SEC Chairman Gary Gensler to be compelled to testify before Congress.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

Giant Cryptocurrency Whale Loses $32 Million in an Altcoin to Hackers

According to Onchain data, a giant crypto whale lost a large amount of his altcoins to hackers. Here are the details.

Bitcoinsistemi2024/09/28 23:06

Legendary Analyst il Capo Shares What He Expects in Altcoins

Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, evaluated the altcoin market in his statement.

Bitcoinsistemi2024/09/28 23:03