Robinhood Markets Inc. announced Monday that the US Securities and Exchange Commission (SEC) has officially ended its investigation into Robinhood Crypto (RHC). In a letter dated February 21, 2025, the SEC's Enforcement Division informed RHC that it had concluded its review and would not pursue any enforcement action.
"We applaud the staff's decision," Robinhood's Chief Legal, Compliance and Corporate Affairs Officer Dan Gallagher said, calling the probe unjustified. He emphasized that Robinhood Crypto has always complied with securities laws. "Let me be crystal clear—this investigation never should have been opened," he stressed.
The investigation stemmed from a May 2024 notice warning that Robinhood could face charges over its crypto operations, despite its efforts to engage with regulators. Last week, the SEC also dismissed its case against Coinbase.
