Robinhood says SEC rejected an investigation of a crypto unit in the last sign of an easier regulation for the industry
The Robinhood logo is displayed on a smartphone screen on a computer screen displaying shares 10. October 2024.
Dominika Zarzycka | Nurphoto | Getty Images
Commission for securities and exchanges gives up investigating Robinhood KRIPTO ARM, the company discovered on Monday.
Slaves He said he received a letter from the SEC’s implementation department on Friday, in which he was described in detail blog blog that the Agency has closed the investigation of a cryptocurrency of business without intent to move forward with the implementation action. The news comes for three days After Coinbase is similarly announced that Secus agreed to end his case against him.
The shares increased more than 2.5% in the Pre -Rickni store.
In May 2024, Robinhood received a notification warning that could be paid for potential violation of the securities law within his crypto unit after previously attracted to his cryptocurrency lists, custody and platforms – despite “years of good faith attempting to work with SEC for regulatory clarity, including our famous attempt to “enter and register”, Dan Gallagher, Main Legal Officer of the company, compliance and corporate questions, said at the time.
“Robinhood Crypto always has and will always obey the Federal Laws on Securities and never allowed transactions in securities,” he said in a statement on Monday. “We appreciate the formal closure of this investigation and we are happy to see the return to the rule of the law and the dedication of righteousness to SEC.”
SEC did not respond to the comment request.
The SEC’s release of cases of Robinhood and Coinbase is an early sign of changing the regulatory change of sea for the cryptum industry that President Donald Trump promised during his election campaign. Despite the meteoric increase in the price Bitcoin According to the previous administration, many of the Crypto of the company considered it a low point because of the infamous SEC-a-a-production regulations of the implementation of the cryptocurrency-for the difference from the creation of clear rules that act by the leadership of the then President Gary Gensler.
Nearly half of a $ 672 million transaction revenue in the fourth quarter has arrived from a 700% increase in revenue related to cryptocurrency tradingWhile Bitcoin gathered toward 100,000 USD first time ever Hoping in more favorable policies under Trump.
The shares have so far received 38% in 2025.
