Gary Gensler-Led SEC Invented The Term 'Digital Asset Security' Out Of Thin Air, Says Democratic Congressman Ritchie Torres
Portfolio Pulse from Aniket Verma
Rep. Ritchie Torres criticized the SEC for using the term 'digital asset security,' which lacks legal basis. The term is not found in any law or SEC rule, raising questions about its origin. This criticism follows the SEC's controversial stance on cryptocurrencies, including a lawsuit against Binance.
September 20, 2024 | 8:04 am
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Robinhood's Chief Legal Officer, Daniel Gallagher, was questioned about the term 'digital asset security' during a congressional hearing. This highlights ongoing regulatory scrutiny that could impact Robinhood's operations in the crypto space.
Robinhood's involvement in the hearing indicates its exposure to regulatory discussions on digital assets. However, the news does not directly impact its stock price in the short term, as it focuses on broader regulatory issues.
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