Robinhood Markets said the Securities and Exchange Commission closed its investigation into its crypto unit and doesn’t intend to pursue enforcement action, the latest indication of the Trump administration’s support for the cryptocurrency space.

Robinhood Markets Inc. said the US Securities and Exchange Commission closed an investigation into the firm’s cryptocurrency operations and isn’t pursuing any enforcement action.

The brokerage regulator said on Friday that Robinhood will pay a $26 million civil fine and $3.75 million of restitution to customers.

The US Securities and Exchange Commission told Robinhood Crypto on February 21 that it was officially closing the investigation it opened against the company.

Robinhood is just the latest company in the mix, announcing on Monday that the Securities and Exchange Commission has closed ... affairs officer at Robinhood Markets, said in a statement.

24 (UPI) --Robinhood on Monday said the U.S. Securities and Exchange Commission ended its investigation into Robinhood ... chief legal counsel and compliance and corporate affairs officer for Robinhood Markets, Inc., said Monday. Robinhood shares initially ...

Robinhood Markets (HOOD) stock is rallying after the Securities and Exchange Commission (SEC) ended an investigation into its crypto unit

Robinhood HOOD.O said the U.S. securities ... assets since President Donald Trump took office. The U.S. Securities and Exchange Commission has moved to ease its crypto-related regulations ...

Crypto legislation could be on the horizon, sources said. That could spark fresh inflows into crypto as institutions are encouraged by greater clarity.