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❕NEWS Robinhood requests that SEC revise its trading rules

AudraMiller

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The SEC has been taking a major stance on cryptocurrency recently and it is seen across the news in various articles. One of the common cryptocurrency exchanges, that is known as Robinhood, is requesting that the Sec revise its trading rules on the cryptocurrency front, stating that these trading rules are actually considered to be outdated. The concern that this platform has is that the SEC requests that the transactions, when withdrawn take 2 days to clear, which Robinhood feels that should be revised. Do you think that it is necessary to revise these regulations? A two-day waiting period can be quite long.
 

Yugocean

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Robinhood is a complete trading like forex and not crypto exchange platform, there are even gold and commodity trading. Crypto is new, and it is required to change some rules for it.
 

Wisdom01

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Are those regulation meant to actually prevent scams and others ,because there should be a reason for making those trading outdated i think
 

Brain

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D
I don't think the SEC need to regulate any rules it's just the traders athe really need to trade with caution most Especially those who take all calls they are seeing online
Definitely, caution should be the watch word for investors. Crypto trading comes with high risk of losing money buy by studying the market properly, one can avoid pitfall
 

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Are those policies targeted at Robinhood only? If not, then, the platform should adjust because there surely must be reasons for that policy to be put in place.
 

BullyMaguire

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Why do they even give SEC the power to manipulate them though. They're probably US based.. they should consider moving though most of their user are from then US. I guess it can't be helped
 

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The SEC has been taking a major stance on cryptocurrency recently and it is seen across the news in various articles. One of the common cryptocurrency exchanges, that is known as Robinhood, is requesting that the Sec revise its trading rules on the cryptocurrency front, stating that these trading rules are actually considered to be outdated. The concern that this platform has is that the SEC requests that the transactions, when withdrawn take 2 days to clear, which Robinhood feels that should be revised. Do you think that it is necessary to revise these regulations? A two-day waiting period can be quite long.
I don't think the SEC should update any rules concerning crypto trading or investment. The set up is even funny, why is it asking SEC to update rules when it doesn't deal with crypto but rather stocks.
 

Josemendez

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Most times I wonder what the SEC is actually doing to enhance cryptocurrency . They are busy looking for cryptocurrency company to bring down .
 

Kunkun

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Are those policies targeted at Robinhood only? If not, then, the platform should adjust because there surely must be reasons for that policy to be put in place.
Good point, because if it's not only about Robinhood and other exchanges are affected, then it's up to them to adjust or all others too complain
 

achawaskey

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In every decision there is a reason, but sec has fail to state the reason why it is asking crypto exchange to allow two days interval when withdrawing.
 

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Is Robinhood a name of a person or a trading platform? I'm completely lost at the moment. Please I will be glad if someone can explain this posted to me in detail. I have tried going through the replies and still have no idea.
Going by the context of the thread, Robinhood is obviously an exchange site/platform which means that you can also trade on it.
 

AudraMiller

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Is Robinhood a name of a person or a trading platform? I'm completely lost at the moment. Please I will be glad if someone can explain this posted to me in detail. I have tried going through the replies and still have no idea.
Robinhood is an exchange platform that can be used for cryptocurrencies. There are many users of this exchange platform and it has actually become quite popular over the recent years based on the articles that i have been reading about it.
 
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