Chamber of Digital Commerce Condemns SEC for Wells Notice Against Robinhood
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.
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.
You may also like
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens
Vitalik Buterin Proposes Ethereum Ecosystem Alignment Concept