SEC drops Robinhood Crypto investigation
Robinhood says the Securities and Exchange Commission is ditching its investigation into the trading app’s crypto arm.
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The news comes days after it emerged the SEC has also agreed to drop its case against Coinbase as resets its relationship with the crypto industry in the wake of Donald Trump’s arrival in the White House.
Last May, Robinhood said it had received a Wells notice from the SEC, indicating that the US regulator is set to take enforcement action. The watchdog had previously issued subpoenas related to the company’s cryptocurrency listings, custody and platform operations.
However,…
