Robinhood CEO Vlad Tenev Expresses Frustration Over ‘Legislative Gridlock’ As Crypto Market Structure Bill Gets Delayed Again

Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev on Wednesday urged the U.S. to take the lead on cryptocurrency policy, citing the unavailability of staking and tokenized stocks in certain regions due to legislative hurdles.

Tenev Concerned Over Legislative Bottleneck

In an X post, Tenev pointed out that staking is one of the “most requested features” on Robinhood, but is unavailable in some jurisdictions due to legislative “gridlock.”

Staking on Robinhood is currently not available in California, Maryland, New Jersey and Wisconsin due to state regulations.

Tenev further rued that tokenized stocks are accessible to Robinhood’s European customers, but not to those in the home market.