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.
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.
During a recent discussion about the intersection of artificial intelligence and blockchain, former Binance chief Changpeng Zhao offered a striking forecast: he believes AI systems will ditch conventional financial tools and turn to crypto for their economic interactions.
Wall Street’s confidence in the S&P 500 is rapidly fading as President Trump’s turbulent tariff policies shake investor sentiment and scramble market projections.
The U.S. Federal Reserve is prepared to step in with emergency support should financial markets face severe stress, Boston Fed President Susan Collins confirmed in a recent interview, signaling that policymakers remain vigilant amid recent volatility in stocks and bonds.
A major breakthrough in Bitcoin staking is gaining momentum after Binance announced its latest addition: Babylon (BABY), a project aiming to unlock new utility for BTC without relying on traditional bridges.