Say 'Come in and register' to crypto firms, and it triggers SECGov shakes, because firms like coinbase insist they've tried. This week, RobinhoodApp's top lawyer, DanGallagherDC, shared his own tale of failed registration. jesseahamilton reports
by the U.S. Securities and Exchange Commission , the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away.
as a special-purpose broker for digital assets. Dan Gallagher, a former SEC commissioner who has spent a career in securities and corporate law, couldn’t get the agency to guide Robinhood into crypto compliance, though he said the staff seemed to want to help. His story echoes longstanding complaints from Coinbase, whose top lawyer was also present at the House Agriculture Committee on Tuesday and is now facing an SEC lawsuit alleging his company offered unregistered securities and didn’t get approval as an exchange.
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