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

“When Coinbase has tried to do exactly that, to speak about how we may register as a broker-dealer or an [alternative trading system] and even as a [national securities exchange] after months and months of debate, we’re merely dismissed with no response or any counter proposal or concepts getting back from the SEC,” stated Paul Grewal, Coinbase’s chief authorized officer.