Robinhood Pays $29.75M to Settle FINRA Compliance Lawsuits

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• Coin with Highest % Change: STAR10/WBNB (+20.76%)

📈 Preview On Today’s News:

1. - Robinhood Pays $29.75M to Settle FINRA Compliance Lawsuits

2. - CZ Warns Investors: Avoid Short-Term Crypto Risks, Focus on Strong Projects

3. - Ripple CEO Praises Trump Administration’s Pro-Crypto Policies

Keep reading below for more!

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Today’s News:

1)

Robinhood Pays $29.75M to Settle FINRA Compliance Lawsuits

Robinhood has agreed to pay $29.75 million to resolve multiple investigations by the Financial Industry Regulatory Authority (FINRA) into its supervisory and compliance failures. The settlement includes a $26 million fine and $3.75 million in restitution to customers. FINRA found that from March 2020 to January 2021, Robinhood failed to address red flags of potential misconduct, including Anti-Money Laundering violations, failure to detect manipulative trades, and inadequate customer identity verification. Additionally, the company did not properly supervise social media communications, promoting misleading posts from paid influencers. The settlement follows a separate $45 million agreement with the SEC in January 2025 over similar issues. Despite regulatory challenges, Robinhood reported record fourth-quarter earnings in 2024, including $916 million net income and a 200% year-on-year increase in crypto revenues.

• Robinhood agreed to pay $29.75 million to FINRA for supervisory, compliance, and Anti-Money Laundering failures, including inadequate trade monitoring and customer verification.

• The settlement follows a $45 million SEC agreement, while Robinhood posted record Q4 2024 profits, with crypto revenues up 200% year-on-year.

2)

CZ Warns Investors: Avoid Short-Term Crypto Risks, Focus on Strong Projects

Changpeng Zhao (CZ), founder of Binance, has warned crypto investors about the dangers of short-term speculation and risky trades, particularly those involving meme coins and low-value tokens. Emphasizing the need for a long-term strategy, CZ recommended focusing on sustainable projects backed by strong teams, which offer more stable returns and reduce the risk of sudden losses. He also proposed new token distribution regulations to minimize market manipulation, including gradual token releases and mandatory audits to increase transparency and investor confidence. Additionally, Binance has launched a relief initiative to support investors affected by recent market crashes, aligning with CZ's vision for a healthier crypto ecosystem.

• Changpeng Zhao advises crypto investors to avoid short-term speculation and focus on sustainable, long-term projects to ensure stable returns and reduce risk.

• Binance proposes stricter token distribution regulations and launches relief efforts to support affected investors, aiming to promote transparency and market stability.

3)

Ripple CEO Praises Trump Administration’s Pro-Crypto Policies

Brad Garlinghouse, CEO of Ripple, has publicly endorsed the Trump administration for its supportive stance on cryptocurrency, calling it a pivotal moment for the industry. Following his participation in the first White House Crypto Summit and a U.S. Commodity Futures Trading Commission (CFTC) CEO Roundtable, Garlinghouse highlighted the administration's commitment to regulatory clarity, stablecoin innovation backed by U.S. Treasuries, and the development of a national Bitcoin reserve. He contrasted this with what he described as hostility from the Biden administration and praised key figures like David Sacks and Bo Hines for their leadership in advancing crypto policy discussions. Garlinghouse’s remarks reflect growing optimism that U.S. crypto regulations will soon offer the clarity and collaboration the industry has long awaited.

• Ripple CEO Brad Garlinghouse commended the Trump administration for promoting regulatory clarity, stablecoin innovation, and a national Bitcoin reserve, marking a major shift in U.S. crypto policy.

• Garlinghouse contrasted Trump’s pro-crypto engagement with the Biden administration’s hostility, expressing optimism for clearer regulations and stronger collaboration between policymakers and the crypto industry.

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