Robinhood Expands Crypto Business as SEC Drops Investigation, Citing Pro-Crypto Trump Policies

Benzinga39 sec

Robinhood Markets plans to expand its cryptocurrency trading business under the Trump administration, citing a more crypto-friendly regulatory environment. The SEC has closed its investigation into Robinhood’s crypto unit, clearing a major hurdle. The company saw over $350 million in crypto trading revenue in the fourth quarter. Robinhood aims to accelerate innovation in the U.S., particularly in tokenizing real-world assets like equities. The company seeks SEC guidance on classifying tokens as securities or commodities to advance blockchain-based trading.

Released

2025