Robinhood Adds Solana, Pepe, Cardano, and XRP Following Trump's Election Victory
Trading app Robinhood has expanded its cryptocurrency offerings by adding Solana, Pepe, Cardano, and XRP, bringing its total to 19 digital assets for U.S. customers. This announcement follows the recent victory of Donald Trump in the presidential election, which is predicted to create a more favorable regulatory environment for the crypto industry. Following the news, the mentioned cryptocurrencies, along with Bitcoin, experienced a modest increase in value. Robinhood's vice president highlighted the continued demand from customers for access to a broader range of digital assets. The additions come after a period of scrutiny where some of these assets were labeled as securities in ongoing litigation involving the SEC. Industry leaders are currently seeking clarity from the SEC regarding which tokens are classified as securities, as the agency under SEC Chair Gary Gensler has yet to provide definitive guidance.
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