0
0
News

SEC Closing Investigation into Robinhood's Crypto Platform

The SEC is ending its investigations into a host of crypto companies.
0
0
Feb 24, 2025 • 1 min read

Robinhood announced that the SEC has concluded its investigation into its cryptocurrency trading operation without pursuing any enforcement action. This follows a Wells Notice issued by the SEC in May 2024, which indicated a potential enforcement action. Robinhood maintained its stance against the SEC's view on digital assets as securities and appreciated the closure of the investigation.

What’s the Scoop?

  • Investigation Closed: Robinhood announced that the U.S. SEC concluded its probe into its crypto trading without enforcement actions.
  • Robinhood's Stance: The company emphasized its disagreement with the SEC on categorizing most digital assets as securities.
  • Operational Decisions: Robinhood made strategic decisions to not offer certain products that were flagged by the SEC as securities.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out