On February 24, it was reported that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into Robinhood Crypto (RHC), and Robinhood Markets, Inc. Dan Gallagher, chief legal, compliance and corporate affairs officer, said: "Commending the SEC staff's decision to end this investigation without taking any action, it needs to be clear-this investigation should never have been opened, Robinhood Crypto has always respected federal securities laws and will never allow securities trading." As we explained to the SEC, any case against Robinhood Crypto will fail, and thanks to the official conclusion of this investigation, it's great to see the SEC return to the rule of law and be committed to fairness." The U.S. Securities and Exchange Commission issued a Wells notice to Robinhood Crypto in May 2024. Affected by the latest news, Robinhood's share price rose slightly by 2.4% in pre-market trading, after closing last Friday, the stock fell 7.9% from the opening.