Robinhood Faces SEC Probe Over Crypto Business Amid Regulatory Crackdown

Robinhood Markets Inc. (NASDAQ: HOOD) revealed it is currently facing an investigation by the U.S. Securities and Exchange Commission (SEC) regarding its cryptocurrency business. What Happened: According to a regulatory filing released on Monday, the Menlo Park-based brokerage received a subpoena in December 2022 in relation to its cryptocurrency listings and custody.