Robinhood Crypto pays $3.9million to California over cryptocurrency withdrawal, disclosure issues.

Robinhood Crypto will pay $3.9 million to California after failing to allow customers to withdraw cryptocurrency from their accounts between 2018 and 2022. The settlement, announced by California Attorney General Rob Bonta, also addresses issues related to the platform's disclosure of trading practices. This marks the first public enforcement action against a cryptocurrency firm by Bonta's office.