Robinhood CEO’s VLAD TENEV warned that if the regulatory authorities could not provide a clear rule of securities, the United States could lose competitiveness in the financial market.
In the OP-ED on January 28 of the Washington Post, TENEV has participated in the early growth of famous private companies such as Openai, SpaceX, and Stripe, with blockchain-based financial assets expanding investment opportunities. I claimed that I could do it.
He emphasized that these companies are increasingly avoiding public markets, restricting investment access to the most wealthy individuals, and expanding the gap between institutional investors and retail investors.
According to TENEV:
“The world is symbolic, and the United States should not be left behind. It’s time to update conversations about Crypto, from bitcoin and men’s coins to what is really possible for blockchain. This is a new era of super -comprehensive and customized investment. “
A clear framework
TENEV has outline a path to integrate token securities into financial systems, and proposes security token registration frameworks as an alternative to conventional IPOs.
He argued that companies should have a regulation option to provide early access to high -growth companies to retail investors, maintaining appropriate disclosure and investors.
In addition, he sought a clear guidelines that promoted exchanges and broker dealers to promote the transaction of tokenized assets and ensure liquidity and market stability.
TENEV also stated that the SEC -certified investor regulations that are currently restricted in private market investment for individuals who meet high -income or pure west, are another important issue for the industry. 。
He suggested that not only wealth, but also to permit more participation based on financial literacy. We believe that this will bring the market to the other jurisdictions, which have democratized investment opportunities and adopted more comprehensive policies.
The momentum is increasing
TENEV’s remarks reflect the growing propulsion among financial leaders on the clarity of regulations on symbolization. He recently urged SEC to approve tokenization efforts to modernize traditional finances.
Meanwhile, BlackRock CEO’s Larry Fink has recently called Tokenja Securities the “next Frontier” in the financial market, claiming that the tokenization of stocks and bonds may make the capital market more efficient.
In the industry analyst, McKinsey, BCG, and Bernstein will have a hundreds of millions of dollars in the next few years to predict the rapid expansion of real world assets on blockchain -based real world assets. I am expecting it.
Even institutions and governments are exploring bonds, funds, products, and real estate tokens more and more, and seeking a faster settlement time and a wider amount of investors.
Despite the growing industry support, US regulators have not yet established a clear framework, raising concerns that they may be delayed to financial hubs such as the EU, Singapore, and Abu Dhabi. I am.
TENEV warns that there is a risk of losing leadership in the capital market because other jurisdictions have accepted the next stage of financial innovation unless the United States act quickly.
It is mentioned in this article
