Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) implicit its integer plus business' crypto listings, custody and level operations.

In a 10-K filing, the brokerage said it received the investigative subpoena successful December soon aft crypto speech FTX filed for bankruptcy successful November, and aft "several different large cryptocurrency trading venues and lending platforms earlier successful 2022," including Three Arrows Capital, Voyager Digital Holdings and Celsius Network.

The investigative subpoena was successful narration to its cryptocurrency listings and custody services, which they said came successful effect to the crypto bankruptcies past year:

"In December 2022, pursuing the 2022 Crypto Bankruptcies, we received an investigative subpoena from the SEC regarding, among different topics, RHC’s supported cryptocurrencies, custody of cryptocurrencies, and level operations."

Robinhood said it had besides received subpoenas from the California Attorney General’s Office seeking accusation astir its crypto arm's trading platform, concern and operations, custody of lawsuit assets and coin listings. 

Cointelegraph reached retired to Robinhood but the steadfast declined to remark connected the matter.

This is simply a processing communicative and much accusation volition beryllium added arsenic it becomes available.