According to a report by The Block, Robinhood CEO Vlad Tenev published an op-ed in The Washington Post on Tuesday calling for an update to investment regulations in the United States to allow startups to tokenize their equity. He noted that the current "accredited investor" rules are too strict and limit opportunities for ordinary investors to participate in private markets. Tenev suggested that the SEC take the following measures: change the accredited investor standard from a wealth threshold to a self-certification mechanism, establish a securities token registration system, and provide clear guidance for US brokers and exchanges on token listings. It is worth noting that at the time of publication of this article, the Trump administration had formed a cryptocurrency working group led by acting SEC chairman Mark Uyeda to design a new regulatory framework. This contrasts sharply with the strict regulatory stance of Gary Gensler during the Biden administration. "The world is moving towards tokenization, and the United States cannot lag behind," Tenev said, while noting that the EU, Hong Kong, Singapore, and Abu Dhabi have all taken the lead in developing comprehensive cryptocurrency regulations ahead of the US.
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