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Vlad Tenev again fell under the burden of the American regulators

This time the Securities and Exchange Commission is entering the fray

Май 9, 2024 09:21 151

Vlad Tenev again fell under the burden of the American regulators  - 1

After the Bulgarian Vlad Tenev, owner of the investment platform Robinhood, clashed several times with the American regulators since 2020 and lost over USD 165 million in fines, is now fighting them again. This time, the Securities and Exchange Commission took aim at him. The charge is unregulated securities trading for offering crypto-currencies.

""Continuing attacks on the EU, together with the proposals for new rules, are part of the previous irregular experience administratively stifling innovation" ;, wrote in the social networks Tenev. He stated that there was “pegylatopna ataĸa" All business and investment in the United States.

Robіnhооd's primary business is not to be a cryptocurrency platform, although as of 2018 it offers Bitcoin and Ether.

According to the Commission, most of the crypts have the behavior of valuable books and they must follow them - with all the consequences for those who live with them.

„Robinhood assets are not securities. "We expect to be in contact with the commission to clarify how serious the charges against Robinhood would be," said Dan Gallagher, the company's director of legal affairs.