SEC bins Robinhood probe amid crypto oversight shift

Robinhood’s shares jumped approximately 2.5% in preliminary hours, while the American Sec ended its survey on the crypto and equity trading platform.

The American Securities and Exchange committee does not intend to pursue measures to apply the law against Robinhood for its cryptography services and activity reports, wrote The legal and compliance director Dan Gallagher in a blog article of February 24.

Last Friday, Robinhood received the notice of intention of the dry, marking another cryptographic turnaround in the regulator in 2025. Indeed, the dry threw in the towel into several fights linked to digital assets in the middle of a continuous change regulatory tides.

Business against giants as Jamming And Openesea would have been abandoned. The Commission too interrupted Litigation with Binance and its founder, Changpeng Zhao.

Gallagher, who was considered for the role of Czar of the White House cryptography last year, said that the long -awaited victory of Crypto reaffirmed the argument of the industry; That most digital assets do not fall under the competence of federal laws on securities.

“Instead of regulation by application, it is time that the SEC turns to regulation by regulation,” said Robinhood Clo, adding that the emphasis should “give market players a clarity and an appropriate regulatory framework for digital assets ”.

The new dry leadership quickly sorted the basket of the application measures left by former president Gary Gensler. The commission filed some 120 cryptocurrency complaints during the mandate of peopleler, almost twice the number of cases opened by its predecessor, Jay Clayton.

The point of view of peopleler according to which most digital assets were titles which regularly opposed it to the cryptography industry. Gallagher, other Bigwigs Crypto and legislators criticized the approach to the application of the dry. The American courts have reprimanded the dry to be “ambiguous and capricious” in the regulations and prosecution in cryptography.

There is a notable pivot towards a friendly position in crypto to the security dog ​​of securities after the return of President Donald Trump. The new interim president Mark Uyeda Crypto working group Revisited a stake in the Ethereum funds, replaced the cryptographic survey unit of the Commission and iced several historical cases against digital asset operators.