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Robinhood Markets Inc. (NASDAQ: HOOD) CEO Vlad Tenev On Wednesday, he urged the United States to take the lead on cryptocurrency policy, citing the unavailability of staking and tokenized stocks in some regions due to legislative hurdles.
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Staking on Robinhood is currently not available in California, Maryland, New Jersey, and Wisconsin due to state regulations.
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Tenev further lamented that tokenized shares are accessible to Robinhood’s European customers, but not those in the domestic market.
Staking is one of the most requested features on @RobinhoodAppbut it is still not available to customers in four US states due to the current standoff. Stock Tokens are available to our customers in the EU, but not in our home market.
It’s time for the United States to take the lead in crypto…
“It’s time for the United States to take the lead on crypto policy. Let’s pass legislation that protects consumers and paves the way for innovation for all,” Tenev said.
He also expressed support for Congress’ efforts to pass the Cryptocurrency Market Structure Bill, while acknowledging that more work remains to be done.
See also: If there was a new Jeff Bezos-backed fund offering a 7-9% target return with monthly dividends, would you invest in it?
Tenev’s remarks coincided with the Senate Banking Committee delaying markup of cryptocurrency market structure legislation after a longtime supporter. Coinbase Global Inc. (NASDAQ:COIN) said it would not support the current version of the bill.
The chairman of the Senate Banking Committee, Sen. Tim Scott (SR) said the committee was taking a “brief break” but reiterated that all involved stakeholders are “working in good faith.”
Photo courtesy: Sergei Elagin on Shutterstock.com
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This article Robinhood CEO Vlad Tenev expresses frustration over ‘legislative gridlock’ as crypto market structure bill delayed again, originally published on Benzinga.com
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