SEC Drops Investigation Into Robinhood’s Crypto Unit
The U.S. Securities and Exchange Commission has officially ended its investigation into Robinhood‘s (NASDAQ:HOOD) cryptocurrency operations without imposing any enforcement action, the company announced on Monday.
This development signals a potential shift in regulatory oversight following a period of heightened scrutiny on digital asset firms.
What Happened: Robinhood stated that the SEC’s Enforcement Division sent a letter on Friday, confirming the conclusion of its inquiry.
The investigation, which began in May 2024, focused on Robinhood’s crypto services, including asset listings, custody practices, and trading operations.
At the time, the SEC had warned that the company could face charges over potential securities law violations.
Despite regulatory pressure, Robinhood maintained that it …
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