Robinhood Adds SOL, PEPE, ADA, XRP Following Trump Victory
Summary
Robinhood has expanded its cryptocurrency offerings for U.S. customers, adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP), bringing the total to 19 cryptocurrencies available for trading. Coinbase also added PEPE to its platform. The announcement coincided with modest price increases in these cryptocurrencies and a new record high for bitcoin above $91,000. The expansion follows a more favorable regulatory environment for crypto, with President-elect Donald Trump expected to support crypto innovation and potentially replace SEC Chair Gary Gensler. Robinhood previously ended support for some tokens due to SEC lawsuits against Binance and Coinbase. Industry leaders seek clearer SEC guidance on securities classification.
