Retail trading platform Robinhood has added Ethereum layer-2 solution Arbitrum (ARB), leading to a price surge from $0.374 to $0.421 within a day. ARB is now part of Robinhood’s crypto offerings, which include Bitcoin, Ethereum, and popular memecoins. The company recently reported an 8x increase in crypto trading revenue in Q4 2024, following the closure of a SEC investigation without enforcement actions.
about Robinhood Lists Arbitrum Triggering Price Rally for Ethereum Layer-2 SolutionDan Gallagher
0 posts last weekSEC Closes Investigation Into Robinhood Crypto With No Enforcement Action
The SEC has closed its investigation into Robinhood Crypto without pursuing enforcement action, following a Wells notice issued in May 2024. Robinhood’s compliance head, Dan Gallagher, stated the investigation was unwarranted, emphasizing the company’s adherence to federal securities laws. This decision aligns with a broader trend of regulatory clarity in the crypto sector under the Trump administration, which has seen similar cases resolved favorably for other crypto entities.
about SEC Closes Investigation Into Robinhood Crypto With No Enforcement ActionSEC Closes Investigation Into Robinhood Crypto Without Taking Action
The U.S. Securities and Exchange Commission (SEC) has closed its nearly year-long investigation into Robinhood Crypto without taking enforcement action, informing the company on February 21. Robinhood had previously settled separate SEC claims for $45 million and maintained that its digital assets are not securities, criticizing the investigation as unnecessary. The SEC’s lack of clear definitions regarding digital assets continues to be a point of contention in the industry.
about SEC Closes Investigation Into Robinhood Crypto Without Taking ActionSEC Closes Investigation into Robinhood Without Taking Enforcement Action
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Robinhood without pursuing enforcement action, following a Wells Notice issued last May. Robinhood’s CEO, Vlad Tenev, emphasized the company’s good faith in engaging with the SEC, while the firm’s chief legal officer, Dan Gallagher, criticized the initial investigation and called for regulatory clarity over enforcement actions.
about SEC Closes Investigation into Robinhood Without Taking Enforcement ActionRobinhood Crypto Cleared of SEC Probe Amid Regulatory Changes
Robinhood Crypto has successfully resolved its investigation with the US SEC, which will not pursue any enforcement action following a Wells Notice issued in May 2024. Chief Legal Officer Dan Gallagher criticized the SEC’s initial probe, asserting Robinhood’s compliance with federal securities laws and advocating for clearer crypto regulations. Amid a pro-crypto shift under the Trump administration, Robinhood reported $672 million in transaction-based revenue in Q4, largely driven by a 700% increase in crypto trading as Bitcoin approached $100,000.
about Robinhood Crypto Cleared of SEC Probe Amid Regulatory ChangesSEC Ends Investigation into Robinhood’s Cryptocurrency Operations
The U.S. Securities and Exchange Commission has concluded its investigation into Robinhood’s cryptocurrency operations without any enforcement action, signaling a potential shift in regulatory oversight. The inquiry, which began in May 2024, examined Robinhood’s crypto services, including asset listings and trading practices. Following this decision, investor sentiment remains positive, with Robinhood’s stock rising over 1% in premarket trading, reflecting growing confidence in a more favorable regulatory environment for digital assets.
about SEC Ends Investigation into Robinhood's Cryptocurrency OperationsSEC Closes Investigation into Robinhood’s Crypto Business
Robinhood announced that the SEC has closed its investigation into its crypto business, a reversal from earlier recommendations for a lawsuit over alleged securities law violations. Chief legal officer Dan Gallagher emphasized that Robinhood Crypto has always complied with federal laws and maintains that the cryptocurrencies listed on its platform are not securities. This decision follows a broader trend of the SEC, under President Trump, easing its stance on crypto investigations after a crackdown initiated under President Biden.
about SEC Closes Investigation into Robinhood's Crypto BusinessSEC Closes Investigation into Robinhood Crypto with No Further Action
The SEC has closed its investigation into Robinhood Crypto, concluding with no action taken against the platform. This decision follows a similar closure of a probe into Opensea and comes after Robinhood received a Wells Notice in May 2024, alleging potential securities law violations. Robinhood’s chief legal officer expressed satisfaction with the outcome, asserting the company has always complied with federal securities laws.
about SEC Closes Investigation into Robinhood Crypto with No Further ActionSEC Closes Investigation into Robinhood’s Crypto Unit Signaling Regulatory Shift
Robinhood announced that the SEC has closed its investigation into its crypto unit without pursuing enforcement action, marking a potential shift towards more favorable regulation for the crypto industry. This follows a similar decision regarding Coinbase, with both companies benefiting from a recent surge in crypto trading revenue. Robinhood’s shares rose over 3% in premarket trading, reflecting optimism about regulatory clarity under the new administration.
about SEC Closes Investigation into Robinhood's Crypto Unit Signaling Regulatory Shift