According to the source, shares of Robinhood (HOOD) and Coinbase (COIN) fell 7.8% and 6.5%, respectively, after the U.S. Congress delayed crypto market structure legislation on January 15, 2026. The source attributes the declines to the legislative delay, underscoring regulatory headlines as the immediate catalyst for the two crypto-exposed stocks.

According to @MilkRoadDaily, Robinhood HOOD has risen almost 8.5 times more than Coinbase COIN in 2025, signaling a pronounced relative momentum shift toward HOOD among crypto-exposed equities traders, source: @MilkRoadDaily on X, Sep 30, 2025. The post characterizes the move as a Robinhood rally and argues market attention is underweight HOOD versus COIN, underscoring a notable 2025 year-to-date performance spread between the two stocks, source: @MilkRoadDaily on X, Sep 30, 2025.