Robinhood CEO Warns Congress Delay on Crypto Legislation Hurting Americans

Robinhood CEO Vlad Tenev warned Congress that delays in crypto legislation are hurting American customers, citing the inability to offer staking and tokenized stocks due to Congressional gridlock. Tenev supports the crypto market structure bill, urging lawmakers to pass legislation that protects consumers and unlocks innovation. The contentious bill aims to create a regulatory framework for cryptocurrencies, classify them as securities or commodities, and bifurcate the jurisdictions of the SEC and CFTC.