The U.S. Securities and Exchange Commission (SEC) has ended its investigation into Robinhood’s cryptocurrency business without recommending enforcement action.

Robinhood is just the latest company in the mix, announcing on Monday that the Securities and Exchange Commission has closed its investigation into the company and will not pursue an enforcement action.

The U.S. Securities and Exchange Commission has ended its investigation into Robinhood Crypto saying it will not pursue further action with company officials adding it "never should have been opened."