News View Non-AMP

Major Win! SEC Drops Case Against Robinhood’s Crypto Arm, Market Reacts

Published by
Nidhi Kolhapur

Robinhood announced on Monday that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company’s crypto division. In a blog post, Robinhood shared that it received a letter from the SEC’s Enforcement Division on Friday, confirming that the case is closed with no further action planned.

A Positive Turn for Robinhood and Crypto Regulation

This decision comes just days after Coinbase revealed that the SEC was also dropping its enforcement case against them. Following the news, Robinhood’s stock jumped over 3% in premarket trading.

Dan Gallagher, Robinhood’s Chief Legal, Compliance, and Corporate Affairs Officer, welcomed the move.

“We applaud the staff’s decision to close this investigation with no action. Let me be crystal clear—this investigation never should have been opened,” he remarked.

“We appreciate the formal closure of this investigation and are glad to see a return to the rule of law and fairness at the SEC,” Gallagher added.

Robinhood Crypto has repeatedly stated that it follows federal securities laws and does not allow transactions in securities. The company argued that, based on its discussions with the SEC, any case against it would not have been successful.

Besides, Robinhood has long disagreed with the view that most digital assets fall under federal securities laws. Unlike other platforms, Robinhood noted that chose not to offer certain products and services that the SEC, under Chair Gensler, considered to be securities. The company aims to help create a more transparent and tailored regulatory environment for digital assets and looks forward to working with the SEC under the new administration to establish clear guidelines.

Robinhood remarked that it’s time for the SEC to shift from regulation by enforcement to regulation through clear rules, giving market participants clarity and a proper framework for digital assets.

A Shift in the SEC’s Crypto Approach?

The SEC’s decision to drop cases against both Robinhood and Coinbase could indicate a change in how the agency regulates crypto. This aligns with President Donald Trump ’s campaign promises to take a more supportive approach to the industry. Under the previous administration, Bitcoin saw strong growth, but many crypto companies struggled under the SEC’s strict enforcement policies under former Chair gary gensler , who favored aggressive crackdowns over clear guidelines for the industry.

A regulatory crackdown defined the past few years—this decision hints at a different future.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

June 27, 2025

Pi Network Doesn’t Need Binance – The Community Speaks Out

While most crypto projects dream of getting listed on Binance, many in the Pi Network…

June 27, 2025

Kenya Proposes Joint Crypto Regulatory Body as Nation Eyes Leadership in African Crypto Space

With the cryptocurrency market booming in 2025, Kenya has taken a major step toward regulating…

June 27, 2025

Ethereum Holds $2400 as Whale Accumulation Surges: Is a Bullish Breakout Imminent?

The Ethereum (ETH) price is navigating within a tight range near $2450, struggling to break…

June 27, 2025

Ethereum Price Surge Above $2,500—But Is a Pullback Coming?

Recently, this final week of June, the Ethereum price has demonstrated a powerful spike, decisively…

June 27, 2025

Canada’s Belgravia Hartford Pulls Another $1M to Stack Bitcoin Treasury

Crypto bulls, you’ve got to take note of this!  Bitcoin is quickly becoming more than…

June 27, 2025