robin hood expanded We’ve strengthened our cryptocurrency providers for US traders, including Solana (SOL), Cardano (ADA), XRP, and Pepe (PEPE) to our lineup. This brings the whole variety of crypto belongings provided by Robinhood to 19.
PEPE soared 65% on the information, hitting a excessive of $0.00002244. rise quickly The speed rose to 65% following the securities firm's announcement.
PEPE’s transfer is the most recent worth soar recorded by a gaggle of “outdated meme cash” that features Dogecoin (DOGE) and Shiba Inu (SHIB). Over the previous 7 days, DOGE and SHIB recorded a worth improve of 105% and 43%, respectively.
Resurrection after regulatory turmoil
Solana and Cardano are again on Robinhood's platform greater than a yr after the corporate was delisted because of regulatory issues.
The U.S. Securities and Change Fee (SEC) had claimed that these tokens had been unregistered securities as a part of a broader enforcement motion towards main crypto exchanges.
In response, Robinhood eliminated SOL, ADA, and Polygon (POL) from its merchandise in June 2023.
In Could, the SEC issued Wells' discover to Robinhood alleges that the enforcement motion is motivated by an investigation into the corporate's “digital forex listings, digital forex custody, and platform operations.”
Robinhood mentioned it was dissatisfied by the discover, having met with regulators 16 instances to make clear particulars about its crypto merchandise. CEO Vlad Tenev additionally publicly criticized the transfer, saying: Regardless of the trade’s good religion, the SEC is reluctant to advertise cryptocurrencies.
Robinhood seems to be increasing its crypto choices amid favorable market circumstances following President-elect Donald Trump's election victory, which sparked optimism throughout the market.
Based on reviews, the Trump administration is contemplating appointing Dan Gallagher, Robinhood's chief authorized officer and former SEC commissioner, as the brand new SEC chairman.
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(Tag translation)Cardano
