HOOD cashes in on the Trump-fueled crypto rally
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Trading app Robinhood on Wednesday added four new cryptocurrencies to its platform: solana, cardano, XRP and memecoin pepe. The move comes after the SEC has, in separate instances, named both SOL and Cardano’s ADA token securities.
The SEC classified SOL and ADA, along with 11 other crypto assets, as securities in its June 2023 lawsuit against Coinbase. That suit is ongoing. Both tokens were also called out in the Wells notice the securities regulator sent to Crypto.com last month.
Robinhood’s move comes as the crypto industry continues to ride a wave of euphoria and higher prices in the wake of Donald Trump’s win last…
