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US SEC Closes Robinhood Crypto Investigation With No Enforcement Action

  • The Securities and Exchange Commission (SEC) has closed its investigation into Robinhood Crypto (RHC) without taking any enforcement actions.
  • Robinhood announced that the SEC's Enforcement Division closed the 9-month investigation into its crypto arm and will not move forward with an enforcement action.
  • Robinhood's Chief Legal Officer stated that the investigation should have never been opened and commended the SEC's decision.
  • Robinhood called for the SEC to provide clarity and an appropriate regulatory framework for digital assets by moving away from 'regulation by enforcement' to 'regulation by regulation.'

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