Robinhood Markets’ cryptocurrency division has agreed to a $3.9 million settlement with the California Justice Department following accusations of restricting crypto withdrawals from 2018 to 2022. California Attorney General Rob Bonta announced the settlement on September 4, marking it as the first public action by the California Department of Justice against a cryptocurrency company. Bonta alleged that Robinhood Crypto LLC breached state commodities laws by allowing customers to purchase cryptocurrencies without actually delivering the assets. Instead, customers were compelled to sell their holdings back to Robinhood to withdraw their funds. Additionally, Bonta criticized Robinhood for inaccurately informing its customers that