Robinhood (HOOD) Wells Notice Shouldn’t Deter Eventual SEC Approval of an Ether (ETH) Spot ETF: JPMorgan

The popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday. The notice should be viewed as a “continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities,” analysts led by Nikolaos Panigirtzoglou wrote.

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