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  • Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
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Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California

cryptovert September 5, 2024 1 min read

“We
are
pleased
to
put
this
matter
behind
us,”
said
Lucas
Moskowitz,
Robinhood
Markets’
general
counsel
in
an
emailed
statement.
“The
settlement
fully
resolves
the
Attorney
General’s
concerns
related
to
historical
practices,
and
we
look
forward
to
continuing
to
make
crypto
more
accessible
and
affordable
to
everyone.”

Robinhood
Crypto
faces
separate
scrutiny
from
the
U.S.
Securities
and
Exchange
Commission,
which
in
May
told
the
company
it
is

preparing
to
file
suit

over
alleged
violations
of
federal
securities
laws.

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