The regulators have filed an amicus brief supporting the U.S. securities regulator’s case against Coinbase, accusing it of attempting to "narrow and misapply" established legal framework to avoid regulatory obligations."
The settlement of the fine over the 2020 outages is a move described by investigators as Robinhood owning up to the negligence it did in handling information to customers during the crisis.
The North American Securities Administrators Association (NASAA) said it had more than 200 active investigations regarding initial coin offerings (ICOs) and other cryptocurrency-related products.
