{"id":48056,"date":"2025-02-24T17:32:07","date_gmt":"2025-02-24T17:32:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-drops-investigation-into-robinhood-crypto\/"},"modified":"2025-02-24T17:32:07","modified_gmt":"2025-02-24T17:32:07","slug":"sec-drops-investigation-into-robinhood-crypto","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-drops-investigation-into-robinhood-crypto\/","title":{"rendered":"SEC drops investigation into Robinhood Crypto"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04-Robinhood-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04-Robinhood-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04-Robinhood-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04-Robinhood-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Robinhood says the SEC has ended the regulator\u2019s probe into Robinhood Crypto.<\/li>\n<li>SEC issued a Wells Notice to Robinhood Crypto in May 2024.<\/li>\n<li>SEC\u2019s closing of the Robinhood Crypto investigation comes days after the agency closed a similar probe against Opensea.<\/li>\n<\/ul>\n<p>The US Securities and Exchange Commission has dropped its investigation into Robinhood\u2019s digital assets arm.<\/p>\n<p>Robinhood announced via <a href=\"https:\/\/newsroom.aboutrobinhood.com\/sec-closes-investigation-into-robinhood-crypto-with-no-action\/\" target=\"_blank\" rel=\"noopener\">blog post<\/a> on Monday, Feb. 24 that the SEC has closed its enforcement action probe against the company.<\/p>\n<p>\u201cWe applaud the staff\u2019s decision to close this investigation with no action,\u201d said Dan Gallagher, chief legal officer of Robinhood Markets.<\/p>\n<p>The SEC\u2019s decision to end its investigation into <a href=\"https:\/\/coinjournal.net\/news\/tag\/robinhood\/\">Robinhood<\/a> comes just days after another platform, Opensea, said the regulator was ending its probe.<\/p>\n<p>Both Robinhood and <a href=\"https:\/\/coinjournal.net\/news\/opensea-gets-wells-notice-from-sec\/\">Opensea received \u2018Wells Notices\u2019 from the SEC<\/a> in 2024.<\/p>\n<p>Last week, crypto exchange Coinbase also announced the regulator had agreed to dismiss the lawsuit it had filed against the US-based company in 2023.<\/p>\n<h2>SEC closes Robinhood probe<\/h2>\n<p>In the blog post on Monday, Robinhood said it received communication from the SEC\u2019s Enforcement Division on Friday, Feb. 21.<\/p>\n<p>The letter detailed the agency\u2019s decision to end the investigation into Robinhood Crypto, with no further action. SEC\u2019s Wells Notice alleged potential securities laws violations by the trading platform.<\/p>\n<p>However, Robinhood maintained it had not violated any securities laws and did not offer securities to users.<\/p>\n<p>\u201cThis investigation never should have been opened,\u201d Gallagher added. \u201cRobinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities. As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.\u201d<\/p>\n<p>The SEChas taken a more pro-crypto innovation stance since the exit of former chair Gary Gensler. President Donald Trump\u2019s appointment of pro-crypto individuals into positions at the agency has helped this shift, including the establishment of a crypto task force by acting chair Mark Uyeda.<\/p>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-drops-investigation-into-robinhood-crypto\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Robinhood says the SEC has ended the regulator\u2019s probe into Robinhood Crypto. SEC issued a Wells Notice to Robinhood Crypto in May 2024. SEC\u2019s closing of the Robinhood Crypto investigation comes days after the agency closed a similar probe against Opensea. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":48057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48056"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48056"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48057"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}