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Robinhood CEO Vlad Tenev Expresses Frustration Over 'Legislative Gridlock' As Crypto Market Structure Bill Gets Delayed Again
Yahoo Finance· 2026-01-16 19:31
Group 1 - Robinhood CEO Vlad Tenev emphasizes the need for the U.S. to take the lead in cryptocurrency policy, highlighting the legislative hurdles that prevent the availability of staking and tokenized stocks in certain regions [1][4] - Staking is currently unavailable in California, Maryland, New Jersey, and Wisconsin due to state regulations, despite being one of the most requested features by Robinhood users [2][3] - Tokenized stocks are accessible to Robinhood's European customers but not to those in the U.S., indicating a disparity in service availability based on geography [3] Group 2 - Tenev supports Congress's efforts to pass the cryptocurrency market structure bill, acknowledging that while progress has been made, there is still work to be done [4] - The Senate Banking Committee has delayed the markup of the cryptocurrency market structure legislation after Coinbase expressed it would not support the current version, indicating ongoing challenges in the legislative process [5] - Senate Banking Committee Chair Tim Scott mentioned that the committee is taking a "brief pause" but reassured that all stakeholders are working in good faith [5]