💨 Abstract
Robinhood's crypto trading arm investigation by the U.S. Securities and Exchange Commission (SEC) has been closed with no action taken against the company. Robinhood's shares rose 2.9% in premarket trading following this announcement. The SEC had previously warned Robinhood in May 2024 of potential securities law violations in its crypto unit, but dropped a lawsuit against crypto firm Coinbase last week.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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