Trading App Robinhood Issues Warning About Crypto Regulation Hurting Their Business Model

Trading App Robinhood Issues Warning About Crypto Regulation Hurting Their Business Model


Trading app giant Robinhood is issuing a warning about the potential damage future crypto regulations could do to its business.

In an amendment to an S-1 Form filed with the U.S. Securities and Exchange Commission (SEC), the financial services company lays out the numerous risks related to its cryptocurrency products and services.

 

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Some of those risks involve the haziness surrounding what future industry regulations might look like, according to Robinhood.

“The regulatory landscape involving cryptocurrencies is constantly evolving and [Robinhood Crypto] may be subject to fines, penalties, or loss of regulatory licenses if the SEC or any other regulators issue new regulations or interpretive guidance related to cryptocurrencies that prohibit any of our current business practices.”

Customers began testing cryptocurrency <span

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