After scaling back its crypto listings due to last year’s regulatory scrutiny, Robinhood Crypto has reinstated Solana (SOL) and Cardano (ADA) for U.S. users, while adding Ripple’s XRP and meme-based PepeCoin (PEPE). This marks a notable expansion for the platform, which had previously limited its token roster in response to U.S. Securities and Exchange Commission (SEC) actions against major exchanges. The SEC accused platforms like Coinbase and Binance of offering certain tokens, including Solana and Cardano, as unregistered securities, a legal hurdle that also impacted Robinhood’s listings.
Amid these regulatory challenges, Robinhood chose a “safety-first” approach, per former Crypto COO Christine Hall, assessing each token from a regulatory perspective before adding it. The SEC has maintained a hard stance under current chair Gary Gensler, bringing actions against firms across the crypto industry. However, with Donald Trump’s recent election victory, industry advocates are hopeful for a more favorable U.S. crypto framework or potential changes within the SEC itself.
The renewed listings have sparked positive price activity, with PepeCoin experiencing a 40% surge toward an all-time high of $0.00001822 following its addition. XRP saw a 6.8% increase to $0.71, while Solana rose 2.2% to $216, and Cardano surged 6.8% to $0.59. PepeCoin joins Dogecoin (DOGE) and Shiba Inu (SHIB) as one of the few meme coins on Robinhood, marking a further move into speculative assets alongside more established tokens.
In a blog post, Robinhood’s VP Johann Kerbrat cited investor interest as a key motivator for the expanded offerings, emphasizing the platform’s goal to lower entry barriers and increase financial access through digital assets. Robinhood regularly evaluates assets based on internal criteria, while maintaining an open ear to investor demand. Notably, Polygon (POL), which was previously removed amid regulatory scrutiny, has not yet been relisted on the platform.
