Robinhood’s leadership emphasized that the investigation never should have been opened, asserting that the firm has always respected federal securities laws and that any case against its crypto operations would have failed

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As we explained to the SEC, any case against Robinhood Crypto would have failed

Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities

[T]his investigation never should have been opened,” said Dan Gallagher, Robinhood Markets’ compliance and corporate affairs officer

We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC

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U.S. Securities and Exchange Commission (SEC)