Cryptocurrency Market Regulation

SEC Closes Robinhood Crypto Investigation Without Action

amefika8 months ago01 mins

Robinhood announced that the US Securities and Exchange Commission (SEC) officially closed its investigation into the company’s cryptocurrency division without taking any action. The decision removes a major regulatory concern hanging over the trading platform’s crypto operations. In May 2024, Robinhood received a notice from the SEC stating that its crypto unit was under…

SEC drops lawsuit against Kraken after lengthy legal battle

amefika8 months ago03 mins

The US Securities and Exchange Commission (SEC) officially dropped its lawsuit against cryptocurrency exchange Kraken, concluding a protracted legal battle that had raised concerns about regulatory overreach in the digital asset industry. The lawsuit, originally filed in November 2023, accused Kraken of operating as an unregistered securities trading platform and failing to comply with federal…