The stock exchange and values commission is launching its research on Robinhood’s cryptographic arm, the company revealed on Monday.
Robinhood said he received a letter from the Division of application of the SEC on Friday, detailing in a blog post that the agency has closed its research in the cryptography business without intention of advancing with an application action. The news occurs three days after Coinbase announced in a similar way that the SEC agreed to finish its application case against it.
Robinhood’s actions were hard in approximately 1%.
In May 2024, Robinhood received a notice warning that he could be charged for a possible violation of the Securities Law within his cryptographic unit after being previously cited by his cryptocurrency listings, custody and platform operations, despite the “Years in good faith to work with SEC for regulatory clarity, including our well -known attempt to” enter and register, “said Dan Gallagher, The main legal officer, compliance and corporate issues of the company, at that time.
“Robinhood Crypto has always respected and will always respect federal values laws and never allowed transactions in values,” he said in a statement on Monday. “We appreciate the formal closure of this investigation, and we are happy to see a return to the rule of law and the commitment to equity in the SEC.”
A SEC spokesman declined to comment for this story.
The dismissal of the SEC of the cases of Robinhood and Coinbase is an early sign of the regulatory sea change for the cryptographic industry promised by President Donald Trump during his electoral campaign. Despite the meteoric increase in the price of Bitcoin under the previous administration, many cryptographic companies saw it as a low point due to the notorious regulation approach to the SEC compliance with the crypto the leadership of then President Gary Gensler.
Almost half of the transactions based on $ 672 million Robinhood in the fourth quarter come from a 700% increase in revenues linked to cryptography negotiation, since Bitcoin recovered around $ 100,000 for the first time with The hope of more favorable policies under Trump.
The shares have won 38% until now in 2025.
