Robinhood CEO Vlad Tenev called on US policymakers to modernize securities laws to allow tokenized stocks, which enable real-time settlement and 24/7 trading. Robinhood's blockchain, Robinhood Chain, has processed 100 million transactions globally but tokenized stocks remain unavailable in the US. Tenev emphasized that American investors should benefit from this innovation, which offers better market infrastructure and more control over assets. The call comes amid regulatory debates and concerns over tokenized stock risks worldwide.
Retail brokerage stocks like Webull, Robinhood, and Coinbase rose sharply as Bitcoin surged to around $68,500, up 6% in 24 hours. Webull's shares climbed ahead of its Q2 earnings report, expected to show revenue growth despite a slight EPS dip. Robin...
Kraken, a major crypto exchange, has introduced the Krak Card, a U.S. debit card that offers up to 2% cash or bitcoin back, with rewards paid directly as money rather than points. The card allows spending from over 600 currencies and crypto assets, c...
