💨 Abstract

The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Robinhood's crypto arm without any action, signaling a shift towards clearer regulatory guidelines for the crypto industry under President Trump's leadership. This development is expected to boost investor confidence in Robinhood and support its expansion in the crypto market. The SEC has also established a task force to focus on clarifying the regulatory framework around crypto assets and rescinded a key accounting guidance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖