SEC ends the investigation of the encryption arm from Robinhood

The company announced that the Securities and Stock Exchange Committee (SEC) closed its investigation into the coded currency arm from Robinhood without taking online mediation measures.

Robinhood Crypto received a notification from SEC last May, indicating that the agency was preparing to provide an enforcement procedure.

“We commend the decision of employees to close this investigation without any procedure,” said Dan Gallagher, the chief employee of corporate and corporate affairs, in a statement.

“Let me be clear – this investigation should not have been opened,” Gallagher, the former SEC Commissioner during the help period in George W. Bush. “Robinhood Crypto always has federal securities laws and never allows securities transactions.”

Gallagher described what he described as “a return to the rule of law and a commitment to fairness in the Supreme Education Council.”

The agency has fell to its enforcement against encryption companies since President Trump took office last month and took advantage of the Republican Commissioners of the Supreme Education Council Mark Uida to take over as a prosecutor.

Crypto Excination Coinbase revealed on Friday that the Supreme Education Council agreed to reject its two -year -old case against the company. On the same day, the CEO of OpenSea Devin Finzr said on X that the agency has also closed its investigation in the NFT market.

The transformation was expected to be widely given that Trump’s embrace of the encryption industry. The President took advantage of many encryption figures to take over major roles in his administration. His pro -bullet choice for the Presidency of the Supreme Education Council, Paul Attins, is still awaiting the confirmation of the Senate.

During the Biden Administration, the encryption industry often criticized what they described as an approach to the SEC president of SEC for digital assets, and pressure for greater clarity about when the encryption is organized as a guarantee or a commodity.