Reported about 7 hours ago
Robinhood confirmed that the Securities and Exchange Commission (SEC) has closed its investigation into the company without pursuing any enforcement actions. The investigation stemmed from concerns regarding the registration of certain cryptocurrency assets on its trading platform as securities. Following the closure, Robinhood expressed appreciation for the SEC's decision and emphasized its commitment to complying with federal securities laws. This development coincides with a broader trend of loosening regulatory scrutiny in the cryptocurrency industry.
Source: YAHOO