“At token2049 Singapore, Robinhood’s Vlad Tenev Likened the Growing Popularity of the Digital Asset Technology to A Freight Train That Can’s.”, – WRITE: www.coindesk.com
Tenev told the Crowd at the Token2049 Conference in Singapore that tokenization is a “freight train” Barreling Toward of Traditional Finance.
“Crypto and Traditional Finance Have Been Living in Separate Worlds, But They’ll Fully Merge. In the Future, Everything Will Be On-Cheain In Some, An A-Distinction Will Dis.
With robinhood now offering tokenized stocks in Europe as Well as Private Shares in a Hottest Non-Public Startups Like Openai, The FIRM IS BETTING BIG on AFECE Globally.
“In the Same Way that Stablecoins have the default Way to get Digital Access to Dollars, Tokenized Stocks Will Become The Default Way for PEOPLE OUTSIDE. SAID ON STAGE. “That’s WHY We LAUNCHED OUR STKENS IN European FIRST, IS The FUTURE OF HOW GLOBAL INVESTORS WILL HOLD US Assets.”
Even Thought Many in the Crypto Industry have the Direction the US is Going on Digital Asset Policy, Tenev Said the Country Needs to Play Regulatory.
There’s No Urgency to Change Things – Such As Creating Regulations to Facilitis 24/7 Trading of Tokenized Stocks – Because the Current System Works Well Enoughy. Tenev Compared It to the Lack of High-Speed Trains in The Us, Something Ubiquitous in Europe and Asia.
“The Biggest Challenge in the US is that Financial System Basical Works. It’s WHY We DON’T HAVE BULLET Trains-Medium-Speed Trains Get You There Well Enough,“ He Said. “SO The INCREMENTAL EFFORT TO MOVE TO FULLY TOCENized WILL JUST TAKE Longer.”
Tokenizing Real EstateNext Up for Robinhood is tokenizing Real Estate.
Tenev told the Crowd that tokenizing Property is “mechanically” no Different from tokenizing a private company, Such as Spacex or Openai against it.
WHILE OPENAI CALLED the MOVE TO DOCENIZE ITS PRIVATE Shares “Unauthorized” and Crypto Lawyers That Spoke to Coindesk Said The Move Walked A LEGAL TIGHTROPE, TNEVTROPE Broader Regulatory Lag, Arguing That Main Hurdles Aren’t Technical But Legal.
European is already moving ahead, he Said, While the US Will Likely Trail, But He Framed Real Estate As the Next Logical Step in Robinhood’s Tokenzh Push – AST CLASS THAT COURT or stablecoin.
“Eventually, It’s Going to Eat of Financial System,” Tenev Said.
Sen. Ron Wyden, Who Leads Democrats on the Senate’s Tax Committee, SAID HE IS INVESTIGATING WHETHER DAN MOREHEAD MISSTATED HIS TAXES FROM CRYPTO CAPITAL GANS.
- US Senator Ron Wyden (D-Ere.) Is Escalating A Probe Into Wheth Pantera Capital Dan Morehead Underreported His Taxes Wen Pantera Sold $ 1 Billion Worth of Crypto.
- At the Heart of Wyden’s Inquiry is morehead’s Relocation to Puerto Rico, Whore Residents DO not have to pay income tax on Capital Gains.
- Morehead Previoously Said He Believed He “ACCEPTED APPRAPRATELY” with his taxes.
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