Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Elon Musk posts ‘Kill Bill’ meme in latest...
Johnson says Republicans ‘don’t have time’ to craft...
Elon Musk warpath against Trump’s ‘big, beautiful bill’...
Durbin obstruction threat chills Senate as Trump nominees...
Elon Musk posts ‘Kill Bill’ meme in latest...
Trump orders Attorney General to investigate Biden’s autopen...
Biden insists ‘I made the decisions’ as Republicans...
‘He’s not a big factor’: Trump’s Senate allies...
DAVID MARCUS: Why Navy ships should not be...
GREGG JARRETT: Biden, the ‘marionette president; and the case...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

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

by admin February 25, 2025
February 25, 2025
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

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

previous post
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
next post
Skyharbour Commences its 2025 Drilling Campaign with Winter Drilling Program at its Russell Lake Uranium Project, Saskatchewan

You may also like

Tesla investors want Elon Musk to answer questions...

January 30, 2025

Meta’s head of AI research announces departure

April 2, 2025

RTX, GE Aerospace expect more than $1 billion...

April 23, 2025

‘Wicked’ tallies $19M in previews, as ‘Gladiator II’...

November 24, 2024

Lululemon shares drop 15% as CEO says inflation,...

March 29, 2025

‘RFK’ing the french fries’: Steak ‘n Shake becomes...

March 18, 2025

Microsoft CEO Nadella forms new AI group to...

January 14, 2025

Amazon and Nvidia say AI data center demand...

April 25, 2025

Fox reveals plans to launch subscription streaming service...

February 5, 2025

American Airlines flight attendants ratify new contract with...

September 14, 2024

Recent Posts

  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill
  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’
  • Elon Musk warpath against Trump’s ‘big, beautiful bill’ rattles House GOP
  • Durbin obstruction threat chills Senate as Trump nominees hang in balance
  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (763)
    • Investing (2,257)
    • Politics (2,786)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2024 Sightful Invest. All Rights Reserved.