Robinhood CEO criticizes slow progress of US crypto regulation, with staking restrictions in four states ⛔. He compares this to the EU, which has completed tokenized stocks, emphasizing that the US needs legislation to protect consumers and stimulate innovation 🚀. The Senate Banking Committee has postponed the Crypto Market Structure Act, with the regulatory framework still undecided, raising concerns about overregulation in the industry 🤔. The EU's MiCA provides unified rules supporting tokenized stocks, and Robinhood has already entered this market ⚖️. Tenev calls on Congress to collaborate, stating there is still work to do and offering to help 🤝.
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Robinhood CEO criticizes slow progress of US crypto regulation, with staking restrictions in four states ⛔. He compares this to the EU, which has completed tokenized stocks, emphasizing that the US needs legislation to protect consumers and stimulate innovation 🚀. The Senate Banking Committee has postponed the Crypto Market Structure Act, with the regulatory framework still undecided, raising concerns about overregulation in the industry 🤔. The EU's MiCA provides unified rules supporting tokenized stocks, and Robinhood has already entered this market ⚖️. Tenev calls on Congress to collaborate, stating there is still work to do and offering to help 🤝.