The SEC is dropping an investigation into Robinhood
In another sign that the Trump administration will be friendlier toward the cryptocurrency industry, the Securities and Exchange Commission is dropping an investigation into Robinhood. The agency has informed the company that it won’t move forward with any enforcement action, Robinhood said on Monday.<br /> In May last year, Robinhood received a Wells Notice from the SEC indicating that the agency’s staff was going to recommend enforcement action against it. The company had faced potential charges of violating securities law through its crypto listings and sales. Under the Biden administration, there was some momentum for cryptocurrency to be considered and regulated as securities; Trump's policy goals seem to signal the opposite.<br /> "Robinhood Crypto always ha [...]
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