According to CoinDesk: In response to a pro-crypto sentiment following Donald Trump’s recent election victory, Robinhood has expanded its cryptocurrency offerings, adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP to its platform. This addition comes as the industry anticipates a regulatory shift, with Trump’s administration likely to replace key figures at the U.S. Securities and Exchange Commission (SEC) known for their stringent stance on digital assets.
With the inclusion of these new assets, Robinhood now offers trading in 19 cryptocurrencies to U.S. customers. The expansion aligns with Coinbase’s recent move to also add PEPE, signaling a broader trend among exchanges to expand crypto offerings as the market anticipates clearer regulatory guidelines.
Trump’s administration is expected to foster a more favorable regulatory environment, easing restrictions and possibly removing SEC Chair Gary Gensler, who has been critical of the crypto industry. Gensler’s SEC has previously targeted crypto exchanges for allegedly offering unregistered securities, prompting Robinhood to delist certain assets, including SOL and ADA. The recent additions of these assets may indicate renewed confidence in the regulatory outlook.
In a statement, Robinhood’s VP and General Manager of Crypto, Johann Kerbrat, said, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering.” The crypto industry remains optimistic that Trump’s presidency could provide much-needed clarity around digital asset regulations, encouraging further innovation and growth.
The market reacted positively, with slight gains in the newly listed assets and Bitcoin hitting a new all-time high above $91,000, signaling increased confidence from investors in a more supportive regulatory landscape.
