It was 100% necessary, they didn’t have the necessary cash to post margin with the clearinghouse. They would’ve been a failed brokerage if they kept allowing G

It was 100% necessary, they didn’t have the necessary cash to post margin with the clearinghouse. They would’ve been a failed brokerage if they kept allowing GME trades without being able to post the required margin, the SEC would’ve taken it over and people would’ve had to wait weeks/months to ACATS their shares and cash to another brokerage. Does that sound like a better outcome for Robinhood users? I didn’t think so.