ROBINHOOD SAYS SEC'S INNOVATION EXEMPTION MAY BE TOO SMALL

Summary from the TLDR Crypto newsletter

Robinhood crypto chief Johann Kerbrat said the SEC's five-year exemption for tokenized stock trading comes with volume and asset caps that Robinhood's offshore stock tokens, now live in 120+ countries, would already bump up against if brought to US users. He also outlined plans to add in-kind redemption and voting rights to stock tokens and confirmed the launch of perpetual futures on eight cryptocurrencies for US customers.