- Robinhood says that the SEC ended the regulator's investigation into Robinhood Crypto.
- Sec issued a nicely opinion at Robinhood Crypto in Might 2024.
- The dry closure of the Robinhood Crypto Investigation happens after days after the company's closure of an identical survey in opposition to Opensea.
The American Fee for Securities and Change has deserted its investigation into the digital arm of Robinhood's property.
Robinhood introduced by way of a weblog put up on Monday, February 24, that the SEC had closed its investigation of software motion in opposition to the corporate.
“We applaud the personnel determination to shut this investigation with none motion,” stated Dan Gallagher, Authorized Director of Robinhood markets.
The SEC determination to place an finish to his investigation into Robinhood comes only a few days after one other platform, Opensea, stated the regulator put an finish to his probe.
Robinhood and Opensea acquired “wells of nicely” from the SEC in 2024.
Final week, Crypto Change Coinbase additionally introduced that the regulator had agreed to reject the trial he had filed in opposition to the American firm in 2023.
The dry closes the Robinhood probe
Within the weblog put up on Monday, Robinhood stated that he had acquired the communication from the DRI software division on Friday, February 21.
The letter detailed the company's determination to place an finish to the investigation into Robinhood Crypto, with out another motion. Opinion of the SEC PUSSIBLE OVERSIME of violations of potential securities legal guidelines by the industrial platform.
Nevertheless, Robinhood argued that he had not violated any securities legal guidelines and didn’t provide titles to customers.
“This investigation ought to by no means have been opened,” added Gallagher. “Robinhood Crypto has at all times and can at all times respect federal securities legal guidelines and has by no means licensed transactions in titles. As we defined to the dry, any case in opposition to Robinhood Crypto would have failed. We respect the official closure of this investigation, and we’re comfortable to see a return to the rule of legislation and a dedication to fairness to the dry. »»
The sechas have adopted a extra pro-Crypto innovation place because the launch of former president Gary Gensler. The appointment by President Donald Trump of pro-Crypto people to posts from the company has helped this variation, particularly the creation of a crypto working group by interim president Mark Uyeda.
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