Robinhood CEO Says Tokenized Equities in US Needs Lasting Rules
8 Articles
8 Articles
Cointelegraph
The New York LedgerRobinhood CEO says Tokenized Equities in US Needs Lasting Rules
Robinhood CEO Vlad Tenev welcomed the SEC’s temporary exemption but said further rulemaking or legislation is needed to give investors confidence to move substantial assets onchain.
Key points of the news: Robinhood warned that the temporary exemption from the SEC does not offer sufficient regulatory security to attract large investments. The company considers it necessary to have specific legislation that establishes lasting rules and allows to expand its tokenization services in the United States. Cryptocurrencies revenues fell by 55% year-on-year during the third year of ... Read more
Robinhood CEO Says Tokenized Stock Rules Need More Certainty as Crypto Revenue Falls 55%
TLDR Robinhood CEO Vlad Tenev said uncertainty over US tokenization rules could keep investors from putting serious assets into tokenized stocks. Tenev called the SEC’s innovation exemption a positive step but said rulemaking or legislation is still needed. Robinhood’s crypto revenue fell 55% year-on-year to $120 million in the third quarter. Prediction market revenue rose [...]
Vlad Tenev, CEO of Robinhood, says the lack of regulatory predictability in the US can limit the adoption of tokenized actions
Robinhood CEO Tenev Says US Tokenization Uncertainty Holds Back Big Assets
Robinhood CEO Vlad Tenev said the US regulatory framework for tokenized markets still lacks the long-term clarity investors need to commit “serious assets,” even after the SEC created a temporary route for certain forms of onchain stock trading this year. Speaking during the company’s third-quarter earnings call, Tenev framed the SEC’s “innovation exemption” as a [...]
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