TechFlow reports, according to The Block, Robinhood CEO Vlad Tenev published an op-ed in The Washington Post on Tuesday calling for the U.S. to update its investment regulations to allow startups to tokenize their equity. He pointed out that current U.S. "accredited investor" rules are too restrictive, limiting ordinary investors' access to private markets.
Tenev recommended that the SEC take the following actions:
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Shift the "accredited investor" standard from a wealth-based threshold to a "self-certification" mechanism
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Establish a registration regime for security tokens
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Develop clear listing guidelines for security tokens applicable to U.S. broker-dealers and exchanges
Notably, the article was published as the Trump administration has formed a cryptocurrency working group led by acting SEC Chair Mark Uyeda, aiming to design a new regulatory framework—marking a sharp contrast with the strict regulatory stance of Gary Gensler during the Biden administration.
"The world is moving toward tokenization, and the United States cannot afford to fall behind," Tenev said, noting that the EU, Hong Kong, Singapore, and Abu Dhabi have already taken the lead in establishing comprehensive cryptocurrency regulations.
