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US securities regulator closes investigation into Robinhood's crypto arm with no action
· 15h
SEC closes Robinhood crypto investigation as regulations ease under Trump
SEC drops investigation into Robinhood crypto, will take no further action
The U.S. Securities and Exchange Commission has ended its investigation into Robinhood Crypto saying it will not pursue further action with company officials adding it "never should have been opened."
More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.
Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.
"This announcement harkens back to the SEC’s traditional mission: investigating fraud and charging fraud that impacts investors," said Scott Armstrong, a principal at McGovern Weems and a former federal prosecutor who served as senior leadership in cases involving cryptocurrencies.
LOS ANGELES, CA / ACCESS Newswire / February 23, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of
Coinbase shares ticked higher in early trading after the cryptocurrency exchange said that the U.S. Securities and Exchange Commission (SEC) is recommending the dismissal of a two-year lawsuit against it.
LOS ANGELES, CA / ACCESS Newswire / February 18, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of
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