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Stock-trading app Robinhood expands to crypto

Tracking cryptocurrencies on Robinhood's app. Photo: Robinhood

Robinhood, the stock-trading app popular with millennials, next month will add the ability to buy and sell Bitcoin and Ether without commission fees, plus tracking of 14 other cryptocurrencies.

"People are being price-gouged currently,"
— Robinhood co-founder Vlad Tenev

Robinhood will be going up against established players like Coinbase's GDAX exchange. Also, an eerily similar app named Cobinhood debuted last year to offer zero-fee trading of Bitcoin and Ether.

Bottom line: A growing number of financial service and information providers are are adding crypto support, in recognition of consumer interest.

Go deeper

Hans Nichols, author of Sneak Peek
1 min ago - Politics & Policy

Scoop: Anthony Coley to lead Justice Department public affairs

The U.S. Department of Justice building in Washington, D.C. Photo: Xinhua/Ting Shen via Getty Images

Judge Merrick Garland, President Biden’s nominee for attorney general, has tapped Anthony Coley, an Obama-era Treasury Department official, to serve as a senior adviser and lead public affairs at the Department of Justice, according to people familiar with the matter.

Why it matters: As the public face of the DOJ, Coley will help explain — and defend — the department's actions, from sensitive cases to prosecutorial decisions, including the investigation into Hunter Biden.

Go deeper (1 min. read)Arrow
Orion Rummler
36 mins ago - Politics & Policy

AP: Justice Dept. rescinds "zero tolerance" policy

A young girl waves to onlookers through the fence at the US-Mexico border wall at Friendship Park in San Ysidro, California in Nov. 2018. Photo: Sandy Huffaker/AFP via Getty Images

President Biden's acting Attorney General Monty Wilkinson issued a memo on Tuesday to revoke the Trump administration's "zero tolerance" immigration policy, which separated thousands of migrant children from their families at the U.S.-Mexico border, AP first reported.

Driving the news: A recent report by Justice Department Inspector General Michael Horowitz emphasized the internal chaos at the agency over the implementation of the policy, which resulted in 545 parents separated from their children as of October 2020.

Go deeper (<1 min. read)Arrow
Russell Contreras
1 hour ago - Politics & Policy

Biden picks up his pen to change the tone on racial equity

Vice President Harris looks on as President Biden signs executives orders related to his racial equity agenda. Photo: Doug Mills-Pool/Getty Images

President Biden is making a down payment on racial equity in a series of executive orders dealing with everything from private prisons to housing discrimination, treatment of Asian Americans and relations with indigenous tribes.

The big picture: Police reform and voting rights legislation will take time to pass in Congress. But with the stroke of his pen, one week into the job Biden is taking steps within his power as he seeks to change the tone on racial justice from former President Trump.

Go deeper (2 min. read)Arrow