Robinhood, an online brokerage that lets customers trade stocks, crypto, and other financial assets, announced Monday morning that the Securities and Exchange Commission had closed its investigation into its crypto business. The public company said it learned about the closure on Friday.
“Let me be crystal clear—this investigation never should have been opened,” Dan Gallagher, chief legal officer at Robinhood, said in a statement. “Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities.”
