SEC Closes Investigation Into $HOOD (Robinhood Markets Inc.) with No Action
👉 The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Robinhood Crypto (RHC). On February 21, 2025, the SEC’s Enforcement Division advised RHC in a letter that it had concluded its investigation and did not intend to move forward with an enforcement action. This follows the SEC’s May 2024 Wells Notice to RHC.
👉 “We applaud the staff’s decision to close this investigation with no action,” said Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer, Robinhood Markets, Inc. “Let me be crystal clear—this investigation never should have been opened. Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities. As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.”
👉 While Robinhood has long disagreed with the argument that transactions in most digital assets are subject to the federal securities laws, RHC, as opposed to other platforms, made difficult choices not to provide certain products and services that the SEC under previous Chair Gensler alleged are securities in public actions. We’re helping advance a more transparent and tailored regulatory environment for digital assets, and look forward to working with the SEC under this new administration to establish a clear path forward.
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newsroom.aboutrobinhood.com/sec-closes-investigation-into-robinhood-crypto-with-no-action/... Show More
Funny thing it is they definitely deserved to be under investigation ... Show More
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