Robinhood braces for SEC charges over crypto trading

The online trading platform Robinhood is bracing for a potential lawsuit or administrative order from the Securities and Exchange Commission (SEC) over its cryptocurrency offerings.

In a recent regulatory filing, the platform revealed that Robinhood Crypto, its digital currency trading operation, received a "Wells Notice" from the SEC — a formal warning of a pending enforcement action.

“After years of good faith attempts to work with the SEC for regulatory clarity including...