Robinhood Markets reported a 47% year-over-year decline in Q1 2026 crypto trading revenue, falling to $134 million, with trading volume down 48% to $24 billion. This marks the third consecutive quarter of declining crypto revenue for Robinhood, which saw its stock close down 13.24% at $71.20 following the earnings release. Meanwhile, event contract revenue surged 320% to $147 million, overtaking crypto as the largest trading revenue source. Visa announced the expansion of its stablecoin settlement pilot to include five new blockchains: Arc, Base, Canton, Polygon, and Tempo, bringing the total to nine supported networks. The annualized volume of stablecoin settlements reached $7 billion, a 50% increase from the previous quarter. The pilot now covers over 50 countries and more than 130 stablecoin-linked card programs. Additionally, Senator Cynthia Lummis confirmed the CLARITY Act's markup hearing is set for May 2026, with the SEC planning a related roundtable discussion on May 3, indicating increased regulatory coordination.