Support for comprehensive U.S. crypto market structure legislation remains intact at Robinhood, even as the bill faces fresh delays and internal industry divisions. The company’s chief executive reaffirmed commitment to the proposal following the Senate Banking Committee’s decision to postpone its scheduled markup.
In a public statement, Robinhood emphasized that staking services and tokenized stocks are among the most requested features on its platform, yet remain limited or unavailable in parts of the United States due to regulatory uncertainty. The company argues that clear rules are essential for innovation to develop domestically rather than shifting overseas.
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The proposed legislation aims to create a clear regulatory framework for digital assets, dividing oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It also addresses major segments of the market, including stablecoins, tokenized assets, and decentralized finance (DeFi).
Progress slowed after the Senate Banking Committee pulled its markup hearing, a move that followed the withdrawal of support from a major crypto exchange earlier in the day. Critics of the latest draft raised concerns over restrictions on tokenized equities, limits on DeFi activity, stablecoin reward rules, and expanded regulatory authority.
Despite the setback, several industry leaders believe the legislation can still be refined. With the House having already passed a related bill, attention now turns to whether lawmakers can resolve differences and move toward a unified version that would establish long-awaited regulatory clarity for the U.S. crypto market.
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