Robinhood says SEC has closed its investigation into the company

Lawsuits filed against cryptocurrency platforms during President Joe Biden’s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stance on cryptocurrency markets

Lawsuits filed against cryptocurrency platforms during President Joe Biden’s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stance on cryptocurrency markets.

Robinhood is just the latest company in the mix, announcing on Monday that the Securities and Exchange Commission has closed its investigation into the company and will not pursue an enforcement action.

Robinhood was notified in May that it could face enforcement action because of a failure to register certain crypto assets listed on its trading platform as securities.

“Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” Dan Gallagher, chief legal, compliance and corporate affairs officer at Robinhood Market