Robinhood Disclosure Signals SEC Isn’t Done With Crypto Cases

In this edition of the Bloomberg Crypto newsletter, stacy-marie ishmael wonders how many lawyers it takes to get to regularity clarity.

"Regulatory clarity," a phrase that acts as a kind of in-group identifier for the crypto faithful, popped up again in Robinhood's response to the latest regulatory finger-wag in its direction.

Over the weekend, Robinhood disclosed that its crypto arm had received a Wells notice from the US Securities and Exchange Commission, an indication that the regulator's staff might be preparing to file a lawsuit.