🟢 Robinhood is trading 6.75% up today after Tenev pushed regulators to approve tokenized stocks

Robinhood is trading 6.75% up at $97.61 after CEO Vlad Tenev pushed U.S. regulators to approve tokenized stocks, a company-specific catalyst cited alongside the intraday advance.

• Shares advanced to $98.45 intraday.
• Crypto is adding sector support: Bitcoin is up 5.59%, Ethereum 8.71%, Solana 5.64%, and XRP 5.83% since the August 18 close.
• The broader market is modestly higher, but crypto and tokenization news better explain Robinhood’s outsized move.