SEC Ends Investigation into Robinhood’s Crypto Practices
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Robinhood Crypto (RHC). A decision announced just days after Coinbase also had its case dismissed.
The SEC’s shift away from enforcement-based regulation is seen as a move toward providing clearer guidelines for firms. Robinhood had received a Wells notice in May 2024 over alleged securities violations, but with new pro-crypto leadership in the SEC, the firm is optimistic about the future.
Robinhood’s legal officer, Dan Gallagher, praised the SEC’s decision. Asserting that the investigation should never have been initiated.
Clever Robot News Desk 26th February 2025
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