Yellen convenes SEC, CFTC and Fed leaders on Robinhood question
Treasury Secretary Janet Yellen faces the first major hurdle of her tenure with the question of how to handle social media-driven security trading. The four horsemen of U.S. financial regulation will meet to discuss market manipulation concerns resulting from the headline-grabbing drama surrounding GameStop stock last week. Per a Feb. 2 report from the Wall Street Journal, Treasury Secretary Janet Yellen is gathering the leadership of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Reserve, possibly as soon as Thursday. The SEC already....
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Currently, users of popular stock and digital currency trading app Robinhood can’t move their crypto off the platform. Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed. The public question crowdsourcing platform Say, which was Robinhood’s first purchase after it went public, enabled retail shareholders of Robinhood to ask and upvote questions in a Reddit-style interface. “Management will address a selection of the most upvoted questions relating to Robinhood’s....
Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the green, with Robinhood’s stock leading the move as US regulators took steps that could expand the local market for crypto derivatives. Shares of Robinhood rose sharply, jumping about 11% on the day to close around $94 per share, which also marked the highest level the stock has reached since February. Coinbase (COIN) was not far behind, gaining close to 7% as the exchange’s shares finished the session near $189. That level sits in the middle of the stock’s broader consolidation range of roughly $160 to $215, a band....
Blockchain is an "important technology" given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today. Yellen gave a speech at the Commonwealth Club, a US public affairs forum, and later took part in a question-and-answer session with club board chair George Scalise. At one point, Scalise asked Yellen whether the Federal Reserve – which released its first major research paper on distributed ledgers in December – was looking at using the tech for its own purposes. Here’s what Yellen had to say in response: "[Blockchain] is a very....
The chief operating officer (COO) of Robinhood Crypto has provided an update on the company’s upcoming cryptocurrency wallet launch. The executive also discussed Robinhood’s listing strategy in response to the question of whether the platform will list shiba inu (SHIB) cryptocurrency. Robinhood Crypto’s COO Discusses Listing Strategy as Petition to List SHIB Gains More Supporters Christine Brown, Robinhood Crypto’s COO and VP of Product Operations, talked about her company’s crypto strategy at a conference Tuesday held by Yahoo Finance and Decrypt. She....
Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was supposed to be having an initial public offering this month but according to a report from Bloomberg, the listing has been slowed by the SEC. The report cites a few....