Robinhood CEO advocates for updating SEC investor rules to promote tokenization
ChainCatcher news, according to The Block, Robinhood CEO Vlad Tenev published an opinion piece in The Washington Post on Tuesday, calling for the U.S. to update investment regulations to allow startups to tokenize their equity. He pointed out that the current "accredited investor" rules in the U.S. are too strict, limiting opportunities for ordinary investors to participate in private markets.
Tenev suggested that the SEC take the following measures:
Change the "accredited investor" criteria from a wealth threshold to a "self-certification" mechanism
Establish a registration system for security tokens
Develop clear token listing guidelines for U.S. brokers and exchanges
It is noteworthy that the article was published at a time when the Trump administration has formed a cryptocurrency working group led by acting SEC Chairman Mark Uyeda, aimed at designing a new regulatory framework. This stands in stark contrast to the strict regulatory stance during the Biden administration under Gary Gensler. "The world is moving towards tokenization, and the U.S. cannot fall behind," Tenev stated, while noting that the EU, Hong Kong, Singapore, and Abu Dhabi have all taken the lead in establishing comprehensive cryptocurrency regulations ahead of the U.S.
