$Doge
Tens of millions of dollars worth of the meme asset Dogecoin (DOGE) has left Robinhood Crypto after the firm received a Wells Notice from the US Securities Exchange Commission (SEC) . $SOL
Data from blockchain - tracking platform Bitcoinsensus reveals that 164 million DOGE worth $25 million was transferred out of Robinhood after the firm's crypto branch received notice that the regulatory agency would be taking enforcement action against it.
However, Robinhood CEO Vlad Tenev took to social media📺 after the firm received📩 the notice, saying that he would challenge the SEC in court if it came down to it. $ETH
"While we strive to maintain positive and productive relationships💏 with our regulators, if necessary we will use our resources to contest this matter in the courts, with the intent of both defending our crypto business and establishing regulatory clarity in the United States🇺🇸 for the benefits of our customers. "
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