Robinhood has just received good news as the US Securities and Exchange Commission (SEC) has wrapped up its investigation into the exchange without pursuing any further action. This announcement closely follows the recent conclusion of the SEC's investigation into Coinbase.

In a move that has brought relief to Robinhood, the SEC's Enforcement Division officially ended its probe into the crypto unit on February 21, 2025. The investigation had been initiated following a Wells Notice issued by the SEC in May 2024.

Robinhood welcomed the SEC's decision with open arms, affirming its adherence to federal securities laws and its commitment to upholding the rule of law.

Dan Gallagher, Robinhood's Chief Legal Officer, stated, "This investigation should never have been initiated. Robinhood Crypto has always operated in compliance with federal securities laws, ensuring that no securities transactions were facilitated. We are grateful for the formal conclusion of this investigation and look forward to continued adherence to fairness and the rule of law at the SEC."

Coinbase also had reason to celebrate as CEO Brian Armstrong shared news of the SEC dropping a lawsuit that had been ongoing since 2023. Armstrong expressed his relief at reaching a resolution with the SEC that entailed no financial penalties and no operational changes for Coinbase.

The SEC's decisions to close the investigations into both Coinbase and Robinhood signal a positive shift towards a more supportive regulatory landscape, as promised by President Donald Trump.