Robinhood is reviewing the SEC's analysis of its cryptocurrency offerings to determine if any actions need to be taken, following the SEC's recent action against two major digital asset trading platforms. The brokerage firm currently offers users access to a limited list of 18 different tokens, some of which have been classified by the SEC as unregistered securities.

Robinhood has considerably expanded its crypto offerings since initially offering trading of Bitcoin and Ethereum in 2018, even listing Dogecoin and Shiba Inu. The SEC has recently sued both Binance and Coinbase for various charges, including offering unregistered securities, and has taken enforcement action against other major crypto companies.