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

Reuters

Feb 24, 2025

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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21:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> rises after SEC drops investigation into its crypto platform </title></head><body><p>** Shares of trading platform Robinhood Markets <span>HOOD.O</span> rise 3.2% to $53.25 premarket </p><p>** Co says U.S. Securities and Exchange Commission closes <span>investigation</span> into Robinhood Crypto with no enforcement action </p><p>** Robinhood Crypto received Wells Notice from SEC in May 2024 </p><p>     ** Move is latest sign of the SEC's changing approach to crypto regulation following Donald Trump's return to the White House </p><p>** Crypto exchange Coinbase <span>COIN.O</span> said Friday the U.S. regulator plans to <span>withdraw</span> its lawsuit against co </p><p>** \"Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,\" says Dan 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