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Robinhood is actively opposing the SEC's recent actions targeting the cryptocurrency sector, positioning itself in the debate despite other companies like Coinbase and Kraken having more at stake. Robinhood CEO Vlad Tenev criticized the SEC's approach as a 'regulatory onslaught' and an 'improper attempt by the administrative state to stifle innovation,' highlighting his belief in the growing importance of cryptocurrencies. Tenev emphasized that American consumers should have the opportunity to engage with cryptocurrencies, describing Robinhood's platform as the most compliant and safest option available for crypto transactions.
“We have the most compliant and safest crypto platform out there for customers," Robinhood CEO @vladtenev tells @BrianSozzi, later adding: “I do believe over the long run that crypto is going to be an important asset class for US consumers.” https://t.co/4S5cDJpDB5
Robinhood CEO says Americans should be able to access crypto as it becomes 'more important' https://t.co/OOq2LV5R0K
Robinhood CEO response to SEC: "...due to his confidence in crypto assets gaining more importance in the world today, and it would not be appropriate for Americans to be denied exposure to them." "Appropriate" *************BULLISH**************** @RobinhoodApp @vladtenev
