SEC goes after Robinhood; KangaMoon steady as market reacts
SEC issued a Wells Notice againast Robinhood, alleging securities violations. Crypto prices reacted lower, with Bitcoin (BTC) retreating to under $64,000. KangaMoon (KANG), a new crypto project for play-to-earn and SocialFi, continued to attract investors. Robinhood Markets Inc., the company behind the popular stock and crypto trading app, revealed it received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. While the news impacted the crypto market , with Bitcoin dipping from intraday highs above $65,000, analysts are bullish on BTC and other top altcoins. There’s also a lot of positive vibes around new crypto project KangaMoon (KANG). SEC slaps Robinhood with a Wells Notice The crypto market reacted lower on Monday after news that the US Securities and Exchange Commission (SEC) has issued a Wells Notice to popular trading app Robinhood. The SEC alleges securities violations against Robinhood Crypto. In response, the co...