SEC closes the investigation of Robinhood Crypto without any procedure

The US Securities and Stock Exchange Committee (SEC) chose to reject the investigation of Robinhood Crypto

According to Robinhood The POST blog received a message from SEC on February 21, saying that she concluded her investigation and would not take any action. This comes after Wales’s notification from SEC to Robinhood in May 2024.

Wells usually means that SEC is considering submitting fees against the company, but this time, no fees have been offered.

The chief legal official in Robenol, Dan Gallagher, talked about the ruling. He said: “We commend the decision of the employees to close this investigation without any action.”

He stated that there should not be an investigation, as Robenol Chevir always follows federal securities laws. He also pointed out that Robinhood did not allow any securities interference on its platform.

Robinhood is one of many companies that did not agree to the situation can deal with most digital assets as securities, however, the company decided to avoid providing services that other companies may provide.

Gallaghar said that any such enforcement procedure is presented against Robenol Chefir, who would have failed and thank SEC for officially closing the matter. He also said that Robinhood will continue to follow the rules and help achieve a better and more clear set of rules for digital assets.

At the same time, the encryption space was seen changes in the way the organizers dealt with digital assets. During the era of President Donald Trump’s administration, the Securities and Stock Exchange will review the encrypted currency regulations.

SEC recently formed a Dedicated To give clearer guidance on encryption. I have also taken steps to relieve narrow regulations, such as turning some accounting rules.

Space sees this change as a good sign, especially since Paul Atkins, Trump’s choice of SEC, is likely to push a more friendly position towards encryption. Robinhood shares increased by 3.3 % in the pre -market trade after discovering that the investigation had decreased.

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