SEC drops investigation against Robinhood

Robinhood announced that the US Securities and Exchange Commission (SEC) has formally ended its investigation.

This investigation into the company’s crypto division has concluded with no enforcement action taken.

The decision follows a similar move by the SEC just a few days earlier when it dropped its case against Coinbase.

Robinhood’s chief legal officer, Dan Gallagher, criticized the initial probe, saying the company has always complied with federal securities laws and has never facilitated securities transactions.

READ MORE:

Chinese Crypto Leaders Step In to Support Bybit After Recent Hack

He hailed the decision as a return to fairness and proper regulatory oversight.

Coinbase CEO Brian Armstrong also confirmed that the SEC is on track to dismiss its 2023 action against the exchange in its entirety, with no fines or changes to operations. Recent regulatory reversals suggest a more favorable environment for crypto companies under President Donald Trump.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.