SEC Concludes Investigation of Robinhood Crypto Without Penalties

The Securities and Exchange Commission has concluded its investigation into Robinhood without pursuing any enforcement action. In May, Robinhood was notified of a potential enforcement action regarding unregistered crypto assets by their Chief Legal Officer. SEC Commissioner Hester Peirce highlighted that the absence of regulatory clarity poses a threat to legitimate crypto projects, creating an environment where 'jokers and thieves' can flourish.