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Robinhood (HOOD) CEO Vladimir Tenev expressed relief after the Securities and Exchange Commission (SEC) ended its investigation into Robinhood's crypto arm.
On an upcoming episode of Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Tenev says the company is "happy to put that behind us," adding that he preferred to focus on innovation rather than engage in what he saw as an unfounded legal battle. He framed the decision as a turning point for both Robinhood and the broader crypto industry, noting, "times are different now and the US is making a move to actually win this industry."
The full episode of Opening Bid Robinhood CEO Vladimir Tenev will air Wednesday, February 25. To find episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.
This post was written by Rachael Lewis-Krisky, producer for Opening Bid.