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Robinhood Expands Crypto Offerings Amid Regulatory Optimism and Market Surge

Stock and crypto trading platform Robinhood has expanded its cryptocurrency offerings by adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) to its platform. This move comes shortly after U.S. elections, suggesting a potentially more favorable regulatory environment under the incoming administration of President-elect Donald Trump. Trump's expected lax stance on crypto regulation, especially after his promise to replace SEC Chair Gary Gensler, has stirred optimism within the cryptocurrency industry. Concurrently, the cryptocurrency Pepe recorded a remarkable price surge, increasing over 30% in an hour and 40% in 24 hours, directly following its listing announcements by both Robinhood and Coinbase. This broader inclusion in major trading platforms led Pepe's weekly gain to hit 62%, and the overall memecoin index surged by 15%. Last year, Robinhood had to delist several tokens including SOL and ADA, citing regulatory challenges after they were classified as securities in a lawsuit. The industry now looks forward to clearer regulations regarding which tokens are considered securities as the current SEC guidance remains vague.