As Robinhood take on the banking cartel at their own game, the cartel look to the SEC to try & shut them down.
The old school regulations have so many loopholes that can be used.
Hopefully Robinhood are not alone for much longer in their bid to bring crypto banking & the securing of funds for depositors.
Time will tell
https://www.ccn.com/bankers-raise-concerns-over-robinhoods-new-saving-accounts/