The Securities and Exchange Commission (SEC) has decided to terminate its investigation into Robinhood, reflecting a shift in regulatory attitude toward the cryptocurrency industry under the Trump administration. Previously, Robinhood had received a Wells Notice indicating potential enforcement action for alleged violations of securities laws related to its cryptocurrency operations. Robinhood expressed its intent to work collaboratively with the SEC to help develop appropriate regulations for digital assets. The company's recent journey involved past penalties and settlements related to its cryptocurrency business, showcasing ongoing compliance challenges in this evolving sector.
Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities. We appreciate the formal closing of this investigation.
Under the Biden administration, there was some momentum for cryptocurrency to be considered and regulated as securities; Trump's policy goals seem to signal the opposite.
We are happy to see a return to the rule of law and commitment to fairness at the SEC, essential for the growth of the crypto industry in the U.S.
Collection
[
|
...
]