Robinhood CEO Vlad Tenev recently shared his views on Bitcoin’s surge to around $90,000 and the influence of U.S. President-elect Donald Trump on this rally.
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Tenev believes the industry might thrive under Trump’s leadership, expecting a more favorable stance toward cryptocurrency.
In a recentinterview, Tenev referred to theBitcoinrally as a “Trump Pump,” suggesting that optimism is growing around Trump’s supportive approach to crypto. Trump has pledged to make the U.S. a global hub for crypto innovation, which Tenev sees as a possible boost for the sector. Bitcoin prices have jumped over 24% in the past week, with Tenev attributing part of the increase to Trump’s pro-crypto outlook, which has been a theme since his campaign began.
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Tenev criticized the SEC’s previous regulatory approach, which he said stifled U.S. crypto growth and drove companies offshore. He believes that a Trump administration may bring regulatory clarity through new legislation, especially with Republicans controlling both the executive and legislative branches.
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The Robinhood CEO also suggested that asset tokenization could flourish under Trump, potentially integrating traditional finance with decentralized finance (DeFi). He cited Robinhood’s crypto operations as an example, highlighting blockchain’s efficiency and 24/7 trading benefits. Additionally, with Robinhood’s Chief Legal Officer Dan Gallagher considered a possible successor to SEC Chair Gary Gensler, Tenev sees Trump’s administration as a positive shift for Robinhood, particularly following recent SEC scrutiny.
