BUZZ-Robinhood rises after SEC drops investigation into its crypto platform

Reuters
02-24
BUZZ-<a href="https://laohu8.com/S/HOOD">Robinhood</a> rises after SEC drops investigation into its crypto platform

** Shares of trading platform Robinhood Markets HOOD.O rise 3.2% to $53.25 premarket

** Co says U.S. Securities and Exchange Commission closes investigation into Robinhood Crypto with no enforcement action

** Robinhood Crypto received Wells Notice from SEC in May 2024

** Move is latest sign of the SEC's changing approach to crypto regulation following Donald Trump's return to the White House

** Crypto exchange Coinbase COIN.O said Friday the U.S. regulator plans to withdraw its lawsuit against co

** "Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities," says Dan Gallagher, chief legal, compliance and corporate affairs officer, Robinhood Markets

** Up through Friday's close, HOOD has gained over 38% year-to-date

(Reporting by Lisa Mattackal)

((LisaPauline.Mattackal@thomsonreuters.com;))

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