Congressman Rose accused the SEC of overstepping its bounds and hindering fintech innovation by taking action against Robinhood.
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer.
The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.
Coinbase, a leading cryptocurrency exchange, finds itself embroiled in a multi-front legal war.
Michael Saylor, the tech entrepreneur who steered MicroStrategy into a Bitcoin behemoth, is back in the headlines.
