Robinhood Evaluating Cryptocurrency Offerings Amidst SEC’s Crackdown

Robinhood Evaluating Cryptocurrency Offerings Amidst SEC’s Crackdown

Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position.
The exchange only supports 18 different cryptocurrencies at the moment.
After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings.
On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets, Gallagher is an expert in the field.
Reviewing the Analysis by SEC
The brokerage is “actively reviewing” the analysis by the regulator, Gallagher said, “to determine what, if any, actions to take.” Robinhood has a smaller selection of cryptocurrencies than other exchanges. Robinhood only supports 18 different cryptocurrencies at the moment, whereas Coinbase supports hundreds.
Moreover, Solana, Cardano, and Polygon are just a few of the tokens available on Robin

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