Robinhood CEO Says Tokenized Stock Rules Need More Certainty as Crypto Revenue Falls 55%

TLDR Robinhood CEO Vlad Tenev said uncertainty over US tokenization rules could keep investors from putting serious assets into tokenized stocks. Tenev called the SEC’s innovation exemption a positive step but said rulemaking or legislation is still needed. Robinhood’s crypto revenue fell 55% year-on-year to $120 million in the third quarter. Prediction market revenue rose [...]

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