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Robinhood Joins Coinbase in Saying It Tried to ‘Come In and Register’ Like SEC Wanted


“When Coinbase has attempted to do just that, to talk about how we could register as a broker-dealer or an [alternative trading system] or even as a [national securities exchange] after months and months of discussion, we’re simply dismissed with no response or any counter proposal or ideas coming back from the SEC,” said Paul Grewal, Coinbase’s chief legal officer.

Source: CoinDesk