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Robinhood Says It Could Be Forced To Delist Some Crypto As SEC Issues Subpoena to Exchange

The United States Securities and Exchange Commission (SEC) has issued a subpoena to the American trading platform Robinhood over its crypto listings. The recent development was brought to public light by Robinhood through its latest 10-K filing with the SEC.

The subpoena specifically requests information about the platform’s custody measures, as well as its operations related to the assets it currently lists.

Robinhood further revealed that the investigative subpoena, which is one of the factors that could damage its brand, was served to them following the bankruptcies that rocked the crypto scene last year. The platform noted that it could be forced to delist cryptocurrencies regarded as securities by the SEC or a court.

(By ALBERT BROWN)

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