• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

by February 24, 2025
written by February 24, 2025

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday.

Robinhood said it received a letter from the SEC’s enforcement division on Friday, detailing in a blog post that the agency has closed its investigation into the crypto business with no intention of moving forward with an enforcement action. The news comes three days after Coinbase similarly announced that the SEC has agreed to end its enforcement case against it.

Shares of Robinhood were last higher by about 1%.

In May 2024, Robinhood received a notice warning that it could be charged for potential violation of securities law within its crypto unit after previously being subpoenaed for its cryptocurrency listings, custody and platform operations — despite “years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’” Dan Gallagher, the company’s chief legal, compliance and corporate affairs officer, said at the time.

“Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” he said in a statement Monday. “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.”

An SEC spokesperson declined to comment for this story.

The SEC’s dismissal of the Robinhood and Coinbase cases is an early sign of the regulatory sea change for the crypto industry promised by President Donald Trump during his election campaign. Despite the meteoric rise of the price of bitcoin under the previous administration, many crypto businesses saw it as low point due to the SEC’s notorious regulation-by-enforcement approach to crypto — as opposed to the creation of clear rules by which to operate — under the leadership of then Chair Gary Gensler.

Nearly half of Robinhood’s $672 million transaction-based revenue in the fourth quarter came from a 700% rise in revenue tied to crypto trading, as bitcoin rallied toward $100,000 for the first time ever on hopes of more favorable policies under Trump.

The shares have gained 38% so far in 2025.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Starbucks to lay off 1,100 corporate workers as sales sag
next post
‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

related articles

Nvidia results spark global chip rally

May 30, 2025

Boeing to resume airplane deliveries to China next...

May 29, 2025

E.l.f. Beauty to acquire Hailey Bieber skin care...

May 29, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 25, 2025

Trump clears Nippon merger with U.S. Steel

May 24, 2025

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 24, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 11, 2025
  • Morning Glory: ABC News and its pass/fail test

    September 10, 2024
  • DAVID MARCUS: Calling Rep. Sarah McBride ‘mister’ isn’t impolite, it’s just reality

    March 12, 2025
  • Judges delay Jan. 6 trials ahead of Trump inauguration

    November 15, 2024
  • Trump picks Billy Long to head IRS, Kelly Loeffler to lead SBA in latest nominations

    December 5, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Trump pardons nearly all Jan. 6 defendants on inauguration day

    January 21, 2025
  • ‘Fulfill the mandate’: New election integrity report calls for critical changes to guarantee secure elections

    February 6, 2025
  • Upstart Holdings jumps over 45% after Q2 earnings beat estimates, Citi upgrade: Should you buy?

    August 7, 2024

Recent Posts

  • BYD Raise $5.2 Billion to Boost EV Market Share

    March 3, 2025
  • JD.com, Freshippo step up to support struggling Chinese exporters tap domestic market amid US-China tariff war

    April 11, 2025
  • Hamas, who sparked war with Israel, says Trump’s rebuild Gaza plan is a ‘Recipe for creating chaos’

    February 5, 2025

Editor’s Pick

  • Cruz warns against underestimating Harris: Dems pitching her as ‘Mother Teresa, Oprah, and Gandhi’ combo

    July 22, 2024
  • UK Stock Market Today: FTSE 100 and FTSE 250 Indices

    July 23, 2024
  • ‘You’re fired’: Trump vows pink slips on Day 1 for every official responsible for ‘Afghanistan calamity’

    August 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock