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Robinhood considers delisting tokens named in SEC lawsuits against Binance and Coinbase, says Chief Legal Compliance Officer

Robinhood, a fintech trading app, may delist tokens involved in lawsuits by the SEC against Binance and Coinbase. The company's Chief Legal Compliance Officer, Dan Gallagher, testified before a Congressional committee that they are reviewing the SEC analysis to determine what actions to take.

Gallagher also stated that the lack of disclosures standard for security investments in the digital asset space is missing, hindering re-listing of the tokens.

Industry witnesses sought to define what should be disclosed for potential crypto investors, with some suggesting that analysis firms like Chainalysis could provide enough analysis for investors instead of financial disclosures being issued.

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