Robinhood CEO Vladimir Tenev revealed that the United States ultimately provides some room for breathing for cryptocurrencies.
It has been a few years since strict regulation and unclear rules. Things finally look better for crypto companies. Tenev said in a sit-down interview with U.S. cryptocurrencies that it was a “rebirth” and said the trend had changed in the direction of U.S. companies that lag behind in other countries.
He attributes this reversal to changing political sentiment, and the way regulators now deal with issues related to encryption.
Trading activity increases as rules relax
According to Robinhood, crypto-related revenue doubled in 2024. This is up 100%. Tenev said this was not surprising. Trade activity has increased, and he attributed to a less aggressive approach by U.S. regulators.
Crypto companies (including Robinhood) have experienced a protracted period of uncertainty as the government targets digital assets. However, Tenev believes the pressure is being reduced.
The new government slowed down its enforcement activities and provided cryptocurrency companies with greater room for development without worrying about acute legal confrontation.
https://www.youtube.com/watch?v=qnh8r_x7kgs
SEC removes case against Robinhood
There were clear signs of this change in February 2025.
The investigation began after the SEC’s Wells notice issued in May 2024, indicating potential violations related to Robinhood’s cryptocurrency service.
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Robinhood CEO noted that the U.S. cryptocurrency has been deliberately suppressed by the previous government and is now in its “rebirth” phase.
The next part is that institutions “catching up”…and then “surpass” all other markets. ⏰💵
— Chad Steingraber (@chadsteingraber) May 7, 2025
Robinhood claims it has been trying to follow the rules and seeks guidance from the SEC. The company’s legal team claims that their countless attempts to reach the agency have been ignored. Ultimately, the Securities and Exchange Commission (SEC) closed the case without imposing any fines.
Crypto companies require clear laws
Despite recent changes, Tenev asserts that the cryptocurrency sector needs clear legislation. He believes that while Washington’s tone is better now, the lack of specific legislation will still bring uncertainty.
BTCUSD within striking distance of $100k on the 24-hour chart: TradingView.com
He believes that most companies already know the space very well, but official legal certainty will be a long way to go to make more companies and investors confident.
According to Tenev, a more enthusiastic environment is convincing some reluctant businesses to return to the market. However, without formal guidelines, regulators may change direction again.
Trump expresses support for U.S. digital currency growth
US President Donald Trump also established a position. He said crypto is important to the U.S. economy and threatened that if action is not taken soon, the country could lag behind China.
Trump has addressed Bitcoin’s solid performance throughout the global financial challenge, noting that it has performed better than U.S. stocks.
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