{"id":21457,"date":"2025-02-24T17:52:41","date_gmt":"2025-02-24T15:52:41","guid":{"rendered":"https:\/\/forklog.com\/en\/sec-drops-investigation-into-robinhoods-crypto-division\/"},"modified":"2025-02-24T17:52:41","modified_gmt":"2025-02-24T15:52:41","slug":"sec-drops-investigation-into-robinhoods-crypto-division","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-drops-investigation-into-robinhoods-crypto-division\/","title":{"rendered":"SEC Drops Investigation into Robinhood&#8217;s Crypto Division"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has <a href=\"https:\/\/newsroom.aboutrobinhood.com\/sec-closes-investigation-into-robinhood-crypto-with-no-action\/\">ended<\/a> its investigation into the crypto division of the online broker Robinhood.<\/p>\n<p>According to a press release, the regulator&#8217;s enforcement division informed the company of the conclusion of the review with no intention to press charges.<\/p>\n<p>In May 2024, the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/sec-warns-robinhood-of-potential-lawsuit\">warned<\/a> the company of potential violations of securities laws. At that time, the agency was examining the listing of cryptocurrencies, fund custody, and platform operations.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe have always respected federal securities laws and never allowed trading in them,\u201d said Robinhood&#8217;s Chief Legal Officer Dan Gallagher.<\/p>\n<\/blockquote>\n<p>According to him, the company is pleased with the SEC&#8217;s decision and sees it as a \u201creturn to the rule of law.\u201d<\/p>\n<p>Following the news, Robinhood&#8217;s shares <a href=\"https:\/\/www.investing.com\/equities\/robinhood-markets\">rose<\/a> by 3% in pre-market trading. Since the beginning of the year, the company&#8217;s securities have gained 30.83%.<\/p>\n<p>Earlier, on February 21, Coinbase CEO Brian Armstrong announced that SEC staff <a href=\"https:\/\/u1f987.com\/en\/news\/sec-commissioners-to-vote-on-dismissing-case-against-coinbase\">agreed<\/a> to cease legal proceedings against the exchange. This week, the agency&#8217;s commissioners are expected to approve the decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has ended its investigation into the crypto division of the online broker Robinhood. According to a press release, the regulator&#8217;s enforcement division informed the company of the conclusion of the review with no intention to press charges. In May 2024, the SEC warned the company of potential violations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1234,128],"class_list":["post-21457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-robinhood","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"97","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21457"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21456"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}