Reported 7 days ago
Fintech company Robinhood is contemplating the launch of its own stablecoin to tap into the expanding $170 billion market, following their previous venture into crypto. Despite asserting no immediate plans, the company is facing scrutiny from the SEC regarding potential securities law violations related to its crypto operations. Robinhood's chief legal officer expressed frustration over the SEC's handling of their attempts for regulatory clarity, contrasting with successful moves by competitors like PayPal. Furthermore, ongoing discussions in the U.S. regarding stablecoin regulations, coupled with the recent implementation of stricter guidelines in Europe, add complexity to Robinhood's potential stablecoin plans.
Source: YAHOO