Robinhood Crypto is no longer investigated by the SEC. The agency closed its investigation on February 21 and chose not to submit an enforcement action.
This closes the enforcement action after the Wells notification of May 2024 and reflects a shifting regulation landscape in addition to a similar decision in the case of the SEC against Coinbase.
Robinhood emphasized that the research began in a framework that deals with most digital activa transactions as effects, never tailored to its long -term interpretation of federal securities legislation. The company always claimed that the practices respected with regulatory boundaries.
The closure of the research comes in the midst of broad change within the SEC, now under new leadership and policy direction. With the departure of former chairman Gensler and a administration led by Trump, the approach of the SEC has finally shifted from aggressive enforcement.
This latest development means hopefully a consensus about distinction between real effects and digital assets that function within alternative frameworks.
Legal herkalibration The SEC finally realized when the industry is on the side of updated rules that tackle the new attributes of blockchain-based assets.
In the past year, Robinhood Crypto has remained steadfast by claiming that his transactions fall outside the operating factories.
The decision of the SEC was delivered via a formal letter from his enforcement division and can be interpreted as a justification of Robinhood’s actions and if the SEC turns to a more accommodating attitude.
It also corresponds to structural change within the regulatory community. The agency has replaced its digital assets unit with the cyber and emerging technology unit to better tackle blockchain -fraud and cyber security problems in an era in which digital assets -innovation exceeds traditional supervisory mechanisms.
The new regulations environmentIncluding initiatives such as the Crypto Task Force of the SEC, under the leadership of Commissioner Hester Peirce, is planning to get rid of punitive measures and to extensive guidelines that promote market innovation.
After setting up with Coinbase, this now indicates a clear change in enforcement priorities that should influence the perspectives for investors in the retail trade and encourage institutional participation.
