**Robinhood Crypto Settles $3.9M with California DOJ**

Robinhood Markets' crypto division has agreed to a $3.9 million settlement with California’s Justice Department. The settlement addresses claims that Robinhood halted crypto withdrawals from 2018 to 2022, misleading users about asset custody and trading practices.

California Attorney General Rob Bonta announced this as the first public action against a crypto firm by the state’s DOJ. Robinhood allegedly violated commodities laws by not delivering purchased crypto to customers and forcing them to sell back to the platform.

The agreement mandates Robinhood to allow crypto withdrawals and clarify its trading practices. Robinhood did not admit or deny any wrongdoing but expressed satisfaction in resolving the issue.

Robinhood shares closed slightly down at $19.11 on Sept. 4, with a minor after-hours rise. Despite this, the stock is up 54.5% this year, buoyed by a retail trading resurgence.