Robinhood rises after White House crypto policy updates

Robinhood Markets Inc. (NASDAQ: HOOD ) stock moved higher Thursday as cryptocurrency-related equities gained momentum following policy updates from a White House summit held Wednesday. 04%. S.

leadership in cryptocurrency and emerging technologies. The meeting included CFTC Chairman Michael Selig, SEC Chairman Paul Atkins and executives from firms such as Coinbase Global Inc (NASDAQ: COIN ), Robinhood, Ripple and Kalshi. Trump Pushes Legislative Progress Trump urged Congress to pass the CLARITY Act to establish regulatory standards for digital assets. "We're ensuring that America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more," Trump said.

" Market interest in Robinhood was also supported by developments around its Robinhood Chain blockchain platform. 53), which keeps the intermediate trend constructive even after recent swings. 65), so the stock is close enough to that trend line that a weak session could quickly turn into a "retest" narrative. 09—basically neutral—suggesting the stock isn't stretched and still has room to trend if buyers follow through.

The moving-average structure is mixed: the 20-day SMA remains below the 50-day SMA (a short-term bearish alignment), but the 50-day SMA is above the 200-day SMA following the golden cross in August, which is typically a longer-term bullish backdrop. Traders will often treat that combination as "bull trend, messy short-term," meaning breakouts can work, but pullbacks can be sharp. 30 during premarket trading on Thursday, according to Pro data. Image via Shutterstock Read Also: Trump Reaffirms 'Drill, Baby, Drill,' but Gavin Newsom Points to '$86 Billion' in Excess Gas Costs, 'Big Oil' Profits: 'Can't End the War…'