Staking Still Unavailable in Four States, Robinhood CEO Presses U.S. Lawmakers for Clarity
Vlad Tenev, head of Robinhood Markets, has urged the US to take the lead in shaping crypto coverage. He known as for clear regulatory frameworks that foster innovation and shield customers.
On January 15, Vlad Tenev stated on X that staking stays some of the sought-after options amongst Robinhood customers. However, the characteristic remains to be not out there to clients in 4 US states “because of the present gridlock.”
“Stock Tokens can be found to our clients in the EU, however not in our dwelling market,” he wrote.
Per the Robinhood website, staking crypto is at present unavailable in California, Maryland, New Jersey and Wisconsin.
“Time for the US to Lead on Crypto Policy”: Vlad Tenev
Further, Tenev voiced for clear laws that protects customers and unlocks innovation. “We assist Congress’s efforts to cross the market construction invoice,” he stated, including that there’s nonetheless work to be finished.
“But we see a path and are right here to assist the U.S. Senate Banking Committee GOP and the Senate Banking and Housing Democrats get it over the road.”
Robinhood CEO’s feedback come amid ongoing discussions in regards to the want for complete crypto rules in the US.
On Wednesday, the Senate Banking Committee pushed back its planned markup of a sweeping crypto market construction invoice. The laws seeks to outline when crypto tokens are securities, commodities or in any other case, giving the business long-hoped-for authorized readability.
The choice to postpone arrives hours after Coinbase pulled its assist for the invoice’s newest model. Coinbase CEO Brian Armstrong flagged “too many issues,” together with a de facto ban on tokenized equities, DeFi prohibitions and amendments that might kill rewards on stablecoins.
Robinhood CEO Argues AI Won’t Eliminate Jobs
In a separate conversation with FOX Business, Vlad Tenev stated that AI might assist drive new innovation and job creation.
“AI will result in an explosion of not simply new jobs, however new job households,” he stated. He argued that technical disruption has all the time reformed work norms fairly than eliminating them altogether.
“Even although we’ve seen disruption like this in the previous, now we have a sense that it’s going to be extra speedy,” he famous.
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