The Robinhood Cross Unit was cleared when the United States concludes from the investigation without a procedure

The cryptocurrency unit at the American Financial Services Company is now clear because the Securities and Exchange Committee (SEC) closed its investigation at work.

According to Blog post Under Robinhood, SEC revealed in a letter dated February 21 that it concluded its investigation into the company’s encryption operations and did not intend to lift any enforcement procedure against the company.

SEC closes the investigation against Robinhood

I remember that SEC struck Robinhood with the notification of Wales in May 2024, indicating the threat of legal action regarding the company’s alleged securities violations.

Cryptopotato I mentioned that Robenol has violated the two sections 15 (A) and 17 A of the Securities Exchange Law for the year 1934, which prevented the company from selling securities unless it was registered with SEC and defrauding customers from their money through material negligence or errors.

The potential remedies of the fees, if presented, the dispute, the civil funds penalties, the endowment and restrictions, and restrictions on the activities. Wales’s notification came 15 months after the Supreme Education Council sent the investigation to be called to Robinhood regarding encryption operations.

While responding to the agency’s actions last year, Robenol said she was disappointed that she had made attempts to record her work and comply with the agency’s regulations. Regardless, the company insisted that the SEC case was weak because the assets on its platform were not securities.

In the post of the recent blog, which announced the recent committee’s decision, Robinhood confirmed that it had taken difficult options to delete some classified assets as securities under the leadership of the former president of Secg Gengeer, although she did not agree to the argument that most encryption transactions were subject to securities Federal laws.

Robinhood keeps innocence

However, the company admitted to moving from a period of organization by enforcing the time of “organization according to the organization”. Participants in the Crypto Market will be provided with a clear organizational framework, as President Donald Trump promised it during his campaign.

“We are witnessing the decision of the employees to close this investigation without any action. Let me be clear – this investigation should not have been opened.” Dan Gallagher, the chief legal official in Robenol, added, adding, “we explained to the Supreme Education Council, any case against Robenol Chefir.”

Meanwhile, Robinhood is not the only company that was amputated by SEC. The Securities Agency has suspended a lawsuit against Crypto Exchange Binance and intends to withdraw a similar case against Coinbase’s trading platform.