SEC Drops Robinhood Probe Amid Crypto Regulatory Shift

SEC Drops Robinhood Probe Amid Crypto Regulatory Shift

After the U.S. Securities and Exchange Commission (SEC) formally concluded its investigation into Robinhood's cryptocurrency services and financial reporting, the company's stock increased by about 2.5 percent in premarket trade. Dan Gallagher, the Chief Legal and Compliance Officer (CLO) at Robinhood, stated in a blog post on February 24 that the SEC has no plans to take enforcement action against the company. The agency's choice to abandon ...

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