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

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“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.

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