Policy & Regulation
SEC Drops Investigation Into Robinhood Crypto
Credit : cryptonews.net
The US Securities and Change Fee (SEC) has dropped its lawsuit towards Robinhood Crypto, the cryptocurrency unit of the favored monetary service supplier.
The company doesn’t intend to proceed with an enforcement marketing campaign after the investigation.
Robinhood CEO Dan Gallagher has welcomed the choice of the SEC to drop the probe within the firm, and added that it ought to by no means have been opened within the first place.
The shares of Robinhood (Hood) have risen by virtually 2% in pre-market commerce after falling by virtually 8% on Friday.
As reported by U.Right this moment, Robinhood initially obtained a wells information of the sec in Might 2024.
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