Link to post in screenshot: https://www.web3isgoinggreat.com/?id=sec-sends-wells-notice-to-robinhood-crypto
this post was submitted on 12 May 2024
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Because the crypto companies really really wanted them to not be securities and kinda just went "Nahnahnah, I can't hear you!" This is just the SEC slowly working through its backlog because suing an entire industry isn't something it was ever really intended to do.