Summary
- Vlad Tenev said delays in US crypto regulation are hindering service rollouts and innovation, and urged swift passage of a crypto market structure bill.
- He said staking is one of the most requested features on the Robinhood app but cannot be offered in four US states due to a regulatory stalemate, and that stock tokens are also not possible in the United States.
- Tenev said legislation is needed so the US can take the lead in crypto policy while achieving both consumer protection and innovation, and noted his support for the crypto market structure bill being advanced in Congress.
Vlad Tenev, CEO of Robinhood, said delays in US crypto regulation are hampering service rollouts and innovation, urging swift passage of a crypto market structure bill.
On the 15th (local time), Tenev wrote on X (formerly Twitter) that “staking is one of the most requested features on the Robinhood app, but because of the current regulatory stalemate we still can’t offer it in four US states,” adding that “stock tokens are available to customers in the European Union (EU), but not in our home market, the United States.”
Calling the situation “the time for the US to take the lead on crypto policy,” he stressed the need for legislation that can deliver both consumer protection and innovation. He added, “I support the crypto market structure bill being advanced in Congress,” and said, “There are still issues to resolve, but we can clearly see a path to progress, and we are ready to work actively to get this finished.”
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