TNB Tech Minute: SEC Prepares to Sue Robinhood’s Crypto Unit
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 6 May 2024
⏱️ 2 minutes
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Summary
Transcript
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| 0:00.0 | Is crypto perfect? Nope, but neither was email when it was invented in 1972 and yet |
| 0:06.3 | today we send 347 billion emails every single day. |
| 0:12.0 | crypto is no different. |
| 0:13.3 | It's new, but like email, it's also revolutionary. |
| 0:17.3 | With Krakin, it's easy to start your crypto journey with 24-7 support when you need it. |
| 0:22.4 | Go to Krakin.com and see what crypto can be. with 24-7 support when you need it. |
| 0:22.6 | Go to Krakin.com and see what crypto can be. |
| 0:25.2 | Don't invest unless you're prepared to lose all the money you invest. |
| 0:27.2 | This is a high-risk investment and you should not expect to be protected if something goes wrong. |
| 0:30.0 | Here's your TnB Tech Minute for Monday, May 6th. I'm Alex Osala for the Wall Street Journal. |
| 0:37.0 | The Securities and Exchange Commission is preparing to sue Robin Hood's crypto unit. |
| 0:42.0 | Robin Hood disclosed that its crypto unit received a so-called Well's notice from the SEC over the weekend. |
| 0:48.0 | It said the staff had made a quote preliminary determination to recommend an enforcement action against the unit over alleged violations of |
| 0:54.9 | securities laws. |
| 0:56.6 | The notice isn't a final indication that the SEC will sue Robin Hood. |
| 1:00.5 | Robin Hood said it was disappointed by the notice saying it had attempted to work with the |
| 1:04.1 | SEC in good faith for years to ensure that its crypto business was in compliance with |
| 1:08.2 | securities laws. |
| 1:09.5 | An SEC spokesman declined to comment. |
| 1:12.3 | We exclusively report that Senator Elizabeth Warren |
| 1:15.0 | pressed the Pentagon to address Russian troops illicit use of Starlink Internet |
| 1:18.8 | terminals in Ukraine. In a letter addressed to Defense Secretary Lloyd Austin, Warren called the issue a |
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