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.

The SEC has dropped its investigations into Robinhood Crypto and Uniswap, marking what Uniswap said was a "win for DeFi" as the Wall Street regulator pivots toward a more positive approach in regulating digital assets.

Lawsuits filed against cryptocurrency platforms during President Joe Biden’s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stan