US SEC closes investigation into Robinhood's crypto arm with no action-March 2024-www.financetom.com

US SEC closes investigation into Robinhood's crypto arm with no action

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US SEC closes investigation into Robinhood's crypto arm with no action

Feb 24, 2025 5:48 AM

Feb 24 (Reuters) - Robinhood said on Monday the

U.S. Securities and Exchange Commission had closed its

investigation into the company's crypto trading arm with no

action.

Robinhood's shares were up 2.9% in premarket trading.

In May 2024, Robinhood had received a notice warning that it

could be charged for a potential violation of securities law

within its crypto unit.

The SEC dropped a lawsuit against crypto firm Coinbase

last week.

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