Share this article
US SEC Closes Investigation Into Robinhood's Crypto Business
On Feb 21. the SEC’s Enforcement Division said it had concluded its investigation, Robinhood said in a statement.
Updated Feb 24, 2025, 8:06 p.m. Published Feb 24, 2025, 2:49 p.m.
What to know:
The U.S. Securities and Exchange Commission has closed its investigation into Robinhood's crypto business, the trading platform said in a statement on Monday.
"On February 21, 2025, the SEC’s Enforcement Division advised RHC in a letter that it had concluded its investigation and did not intend to move forward with an enforcement action," the company said.
The company received a Wells notice from the SEC indicating that it would recommend pursuing an enforcement action in May. A Wells notice is a formal announcement from the regulator saying it believes it has evidence that the recipient — Robinhood, in this case — broke the law.
"As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC,” said Dan Gallagher, Robinhood's chief legal, compliance and corporate affairs officer, in a statement.
The SEC is also poised to drop its case against crypto exchange Coinbase and has dropped its investigation into non-fungible token platform OpenSea.
An SEC spokesperson declined to comment.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. SEC Gives Implicit Nod for Tokenized Stocks
Clearing and settlement company the Depository Trust & Clearing Corp. said a subsidiary had received a no-action letter to offer tokenized real-world assets.
What to know:
- The Depository Trust & Clearing Corp. said on Thursday that a subsidiary received a no-action letter from the U.S. SEC on offerings of tokenized real-world assets.
- The letter implicitly grants approval for the offering of certain tokenized stocks on approved blockchains for three years.
- The authorization applies to the constituents of the Russell 1000 index and exchange-traded funds tracking major indexes and U.S. Treasuries.
Top Stories
