Crypto News

This comes as a relief for the crypto community, especially after the recent crackdown by Chinese regulators on the industry. What Happened? The SEC had filed a lawsuit against Robinhood Crypto in December 2020, accusing the company of misleading customers about its revenue sources. The SEC claimed that Robinhood Crypto had failed to properly disclose its business practices, including its reliance on payment for order flow and revenue from cryptocurrency trading. Why Did the SEC Drop the Lawsuit? After months of legal battles, the SEC has decided to drop the lawsuit against Robinhood Crypto. According to a spokesperson for the SEC, the agency has concluded its investigation and found no evidence of wrongdoing by the company. This decision has been welcomed by the crypto community, with many viewing it as a positive step towards the mainstream adoption of cryptocurrencies. What Does This Mean for Robinhood Crypto? The dropping of the SEC law...