Robinhood on Monday said that the SEC has closed its investigation into Robinhood's crypto unit and will not pursue action. This follows Coinbase saying

The U.S. Securities and Exchange Commission has ended its investigation into Robinhood Crypto saying it will not pursue further action with company officials adding it "never should have been opened."

Closely following similar news from Coinbase on Friday, Robinhood says: > 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.