SEC concludes Robinhood investigation without legal action. Learn more about the latest developments in the digital currency market.
The U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Robinhood crypto trading platform without taking any legal action. According to the company’s statement, the SEC enforcement unit informed Robinhood that the investigations had concluded and no enforcement action would be taken. Dan Gallagher, Robinhood’s legal and regulatory compliance chief, deemed these investigations unnecessary and emphasized that the company has never authorized securities trading. This case follows SEC’s recent actions in the digital currency domain, where it halted its investigations into the OpenSea NFT market last week and shortly after reached a preliminary agreement to dismiss charges against the Coinbase exchange.
