🚨SEC Sends Wells Notice to Robinhood Over Crypto
Gary Gensler continues his attack on the crypto industry and I interview Philip Forte of Elixir.
Hey Thinkers💡
We got news this morning that the SEC has sent Robinhood a Wells Notice over its crypto business.
The Securities and Exchange Commission could soon pursue enforcement action against Robinhood, according to the trading firm.
Robinhood disclosed in a filing Monday that over the weekend the regulator sent it a Wells Notice, a warning that upon completion of an investigation the company could be charged.
Shares of the stock were last lower by 2% in premarket trading.
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Philip Forte is the founder and CEO of Elixir, a liquidity infrastructure layer that helps power decentralize orderbook exchanges, both spot and perpetual futures. Prior to founding Elixir, Philip was the co-founder of BlockVenture, an alliance of university blockchain groups and blockchain funds. Philip was also an advisor to a number of projects such as Solana and Moonbeam.
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Topics:
Creating a liquidity infrastructure layer that helps power decentralize orderbook exchanges
Recent $8 Million funding round which included Arthur Hayes
Tier 1 crypto exchange partnership incoming
Bitcoin ETF performance
Crypto market outlook
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-Tony💡