The U.S. Securities and Change Fee (SEC) has dropped its lawsuit in opposition to Robinhood Crypto, the cryptocurrency unit of the favored monetary companies firm.
The company doesn’t intend to maneuver ahead with an enforcement motion following the investigation.
Robinhood CEO Dan Gallagher has applauded the SEC's resolution to drop the probe into the corporate, including that it ought to have by no means been opened within the first place.
The shares of Robinhood (HOOD) are up by almost 2% in pre-market buying and selling after plunging by almost 8% on Friday.
As reported by U.At the moment, Robinhood initially obtained a Wells discover from the SEC again in Might 2024.
