The price of XRP (CRYPTO: XRP) has blasted over 122% higher (as of Nov. 19) since election night, vastly outperforming the likes of Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency. The sector has gone higher as well, as President-elect Donald Trump has positioned himself as a friend to the crypto industry and vowed to make changes favoring the industry and bringing the crypto spotlight back on the U.S. While I think the sector can continue to perform well with a more friendly regulatory environment and lower interest rates, XRP is poised to outperform.

(Bloomberg) -- Dan Gallagher, the top lawyer at Robinhood Markets Inc., has removed himself from consideration to lead the US Securities and Exchange Commission under President-elect Donald Trump.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams

Participation in a key Charles Schwab referral program could get a little more expensive for independent financial advisors. The company is considering whether to raise fees for registered independent advisors, otherwise known as RIAs, that participate in Schwab’s client referral program. A representative for Schwab confirmed it is “evaluating” its pricing with regard to the program after a long period of not altering its fee structure.

Robinhood Markets' Chief Legal Officer Dan Gallagher on Friday withdrew from consideration for chair of the Securities and Exchange Commission in the Trump administration, leaving other Republican former SEC officials among the top candidates. Gallagher said in a statement he was committed to Robinhood and the retail brokerage's customers. Industry sources said restrictions on public officials' investments were a potential deterrent for Gallagher, who served as an SEC commissioner from 2011 to 2015.

Bitcoin (BTC-USD) struck above $99,000 in Friday's early hours as the cryptocurrency nears a $100,000 milestone in its post-2024 election rally. Crypto traders have become even more optimistic around Securities and Exchange Commission (SEC) Chair Gary Gensler's plans to step down in January and what that could signal for crypto regulation under a second Trump administration. "At this point, what we are looking for is something that we can work with because we know how to work with regulators. And so, you know, a company like Robinhood (HOOD) is already regulated by the SEC, by FINRA [Financial Industry Regulatory Authority], by the New York DFS [Department of Financial Services, we have a BitLicense," Robinhood Crypto Vice President and General Manager Johann Kerbrat explains to Yahoo Finance's Morning Brief. "If we have this clear framework, where it's not just regulation by enforcement, we'll be able to make it work and we'll be able to offer cryptocurrency safely to customers." Kerbrat explains to hosts Seana Smith and Brad Smith how investors appear "more enthusiastic" to get into the crypto market, stemming from regulatory "clarity" being expected from President-elect Donald Trump and the officials under him. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Jay Clayton is a familiar face on Wall Street. The veteran corporate lawyer chaired the Securities and Exchange Commission under the first Trump administration, and now he is poised to return as U.S. attorney for the Southern District of New York, the high-profile field office of the Justice Department with criminal jurisdiction over Manhattan. Trump’s nominee to head SDNY has no prosecutorial experience but is a well-respected and amicable lawyer who is expected to focus on bread-and-butter criminal matters rather than high-profile cases against large Wall Street firms.

Looking back on online marketplace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including The RealReal (NASDAQ:REAL) and its peers.

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the online marketplace industry, including Coinbase (NASDAQ:COIN) and its peers.

Robinhood Markets ’ 401(k) rollover match is a hit with investors. Upstart brokerage firm Robinhood is no stranger to making waves in the investing world. Move your 401(k) or IRA to Robinhood, and the firm will match 1% of your balance.

(Bloomberg) -- SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan. 20.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingParis to Replace Parking Spaces With TreesNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesNew York’s Transit Agency Approves $9 Congestion Toll“The Securities and Exchange C

Robinhood wants in on the $84 trillion Great Wealth Transfer.

Robinhood (HOOD) is the top crypto deregulation play, Bernstein analysts says, upgrading the stock to Outperform. Catalysts Hosts Seana Smith and Madison Mills take a closer look at the note and what it signals about the crypto space under President-elect Donald Trump. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the online marketplace industry, including EverQuote (NASDAQ:EVER) and its peers.

Wall Street is making a push for more extended hours in the stock market, and Trump’s incoming regulators are likely to approve. What to know so you don’t lose your shirt.

Robinhood Markets is proving to be a big winner from the post-election rally, as the brokerage that pioneered zero-commission trading and pushed into crypto is poised to benefit from President-elect Donald Trump’s light-touch approach to regulation. Robinhood stock is up about 45% since Election Day, putting it on track for its highest closing price in more than three years. Analysts expect the Trump administration’s crypto-friendly stance to benefit Robinhood, which was facing a potential legal fight with the Securities and Exchange Commission over its crypto business.

Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.

The Schwab rival tied new acquisition to looming wealth transfer, which should benefit its core millennial customers.

The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Analysts at Bernstein have identified Robinhood as the leading “crypto deregulation trade” following the recent U.S. elections.