The analyst in coverage noted Robinhood could benefit from new crypto-friendly leadership at the U.S. Securities and Exchange Commission (SEC) after the election. Robinhood has expanded its offering of cryptocurrencies, appealing to its core base of younger, retail investors.

Both companies have spent the past few years fighting the government over whether their offerings of cryptocurrency products violate the law.

A boost is expected from crypto-assets listings, as one analyst flags expected changes to securities laws under a Trump administration.

Robinhood Markets Inc. ($HOOD) saw its stock rise more than 8% on Monday, reaching three-year highs after a positive shift in Wall Street sentiment eyeing favorable regulatory changes under President-elect Donald Trump’s administration.