SEC Ends Robinhood Crypto Investigation Without Enforcement Action

The regulatory shift under the Trump administration signals a more lenient approach to cryptocurrency oversight.

Robinhood announced the SEC has closed its investigation into its crypto unit without pursuing enforcement action, following a Wells Notice issued in May 2024.
The decision reflects a broader regulatory shift under President Trump's administration, which has adopted a more crypto-friendly stance and eased enforcement efforts.
The SEC has also recently dropped cases against Coinbase and OpenSea, signaling a move away from the previous administration's aggressive 'regulation by enforcement' strategy.
Robinhood's legal team emphasized that the company has always complied with federal securities laws and argued the investigation was unwarranted.
Robinhood's stock saw mixed reactions, with shares initially rising but later declining, as the company continues to benefit from increased crypto trading activity.