Finst

Coinbase, OpenSea, Robinhood: SEC withdraws more and more indictments

The SEC has dropped charges against broker Robinhood.

By Mike Hesp
• 2 min read
Coinbase, OpenSea, Robinhood: SEC withdraws more and more indictments

The SEC has dropped charges against broker Robinhood. This news was announced today, February 24, 2025. Earlier, the charges against Coinbase and dropped the NFT marketplace OpenSea.

With this, the U.S. Securities and Exchange Commission continues the trend of halting lawsuits against crypto companies. There is hope in the industry that the same will happen in the case of Ripple. At least this is suggested by the company's lawyer.

The legal dispute with Ripple Labs, the company behind XRP, began in 2020 and has cost the company hundreds of millions of dollars.

Former SEC Chairman Gary Gensler resigned the day Donald Trump was inaugurated as the new U.S. president. Gensler was unpopular in crypto circles because of his strict approach.

Currently, Mark Uyda leads the U.S. authority as interim head. Under the leadership of Hester Pierce, a crypto task force has already been launched to establish clearer rules for the industry.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.