💨 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 🤖

Powered by MessengerX.io