Robinhood Markets recently added four new cryptocurrencies: Solana, Cardano, XRP, and the memecoin Pepe, amid a buoyant crypto market propelled by Donald Trump's election win. This optimism stems from his intent to reform the SEC, aiming to foster a more welcoming environment for digital assets in the U.S. However, despite the excitement, legal experts note that Trump’s ability to radically alter the SEC’s landscape might be limited, as SEC staff must still navigate the courts even with a shift in leadership. The crypto community anticipates regulatory clarity to increase, as Trump has expressed strong support for deregulation in the crypto sector, potentially easing the restrictions that have historically hampered its growth. His administration’s favorable stance could lead to a less hostile regulatory environment for cryptocurrencies, promoting innovations and investments in this sector.

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