Odaily Planet Daily News Robinhood refutes the Wells Notice warning issued by the SEC yesterday. Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer of Robinhood Markets, said that after years of sincere attempts to work with the SEC to improve regulatory transparency, he was disappointed to receive the Wells Notice issued by the SEC, and firmly believed that the assets listed on its platform were not securities. At the same time, he looked forward to working with the SEC to make it clear that any case against Robinhood Crypto was factually and legally fragile. Robinhood pointed out that it does not provide lending or staking products, nor does it conduct ICOs. It operates a market and passes transactions to others for execution, rather than operating an exchange. According to previous news, the SEC also issued Wells Notices to Ethereum developer Consensys and automated market maker Uniswap.
