Robinhood CEO calls for updated SEC investor rules to facilitate equity tokenization

Odaily Planet Daily News Robinhood Markets founder Vlad Tenev published a pro-cryptocurrency op-ed in The Washington Post on Tuesday, arguing that the United States needs to update its investment laws to allow early-stage startups to tokenize their equity. Tenev wrote on X: "Finally, the United States is making up for lost time and taking cryptocurrencies seriously, taking so many promising steps forward. Now it's time to further expand our understanding of possibilities." In this commentary, Tenev believes that in the United States, investment in early-stage private companies is an unnecessary restriction, and regulators should work to change the law and encourage the adoption of tokenization to achieve a fairer situation. In particular, the United States' "qualified investor" law limits private market investment to those with a net worth of more than $1 million or an income of more than $200,000, resulting in wealth concentration in the top 20% of the group.