Robinhood CEO Vlad Tenev believes the U.S. needs to take a leading Vai in developing digital asset policies, while expressing strong support for Congress's efforts to pass the Market Structure Act – a bill expected to provide a clear legal framework for the crypto market.
Staking is popular but still faces legal hurdles.
In a recent social media Chia , Tenev stated that Staking is currently one of the most popular features among Robinhood users. However, due to current legal issues, customers in four US states are still unable to use this feature. This, according to the Robinhood CEO, is limiting access to popular crypto products even in the domestic market.
Tokenize stocks are not yet available in the US.
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Besides Staking, Mr. Tenev also mentioned Tokenize equity products, which are now available to customers in the European Union but have yet to launch in the US. He argued that this delay reflects gaps in the regulatory framework, making it difficult for fintech and crypto companies to implement innovations in their home market.
A call to action from Congress
According to Tenev, the Market Structure Act is a crucial step in protecting consumers while unlocking innovation across the industry. He asserted that the U.S. should proactively shape global rules of the game regarding crypto, rather than letting other regions lead. The Robinhood CEO also stated that he would support legislative efforts by Congress, particularly the banking committees of the Senate and House, to expedite the bill's passage.
