Robinhood Crypto settles a $3.9 million dispute with California AG, agreeing to update custody disclosures and allow customer cryptocurrency withdrawals.
Robinhood settles with the California DOJ for $3.9 million over past crypto withdrawal restrictions, promising reforms in transparency and customer trust.
Robinhood Crypto settled with California for $3.9M over extended withdrawal issues, marking the state’s first action against a crypto firm for violating commodities laws.
Robinhood faces a $3.9 million fine for restricting customer access to their crypto holdings and failing to disclose key trading practices, as announced by California AG Rob Bonta.