ROBINHOOD MET SEC 16 TIMES

Summary from the TLDR Crypto newsletter

Robinhood received a Wells Notice from the SEC indicating the SEC will proceed with civil enforcement despite meeting with the SEC 16 times to discuss registering as a special purpose broker-dealer for crypto assets. Vlad Tenev, Robinhood's CEO, criticized the SEC's approach as "regulation by enforcement" and emphasized the importance of defending both Robinhood's position and customer's right to access crypto.