Robinhood CEO: Crypto rises will continue with Trump

While Donald Trump's victory in the US elections seriously increased the cryptocurrencies, Robinhood CEO Vlad Tenev said that he expects this trend to continue. Tenev said, "We have come to the end of what the SEC has done in the last 4 years."

Vlad Tenev, which provides low-cost stocks and cryptocurrency transactions, stated that he expects the progress of technology and innovation during the Trump era.

“What the SEC did is over”

Stating that he participated in CNBC's Squawk Box program from the US media and that the SEC has seriously targeted the crypto world in the last 4 years, Tenev said:

“We are currently experiencing an exit that people call 'Trump's rise'. The Trump administration had committed to making the USA the center of crypto. We are seeing the result of this right now. I think the SEC's forced regulation policy against this new industry in the last 4 years will now end. They wanted to get ahead of innovation and technology. Many innovation companies have fled to other countries. I think this will stop, clear and clear regulations will come. Because now it seems that there will be a Republican superiority in Congress as well. That's why I expect the continuation of the rises”

“Much more than buying coffee”

Asked about shopping with cryptocurrencies, Tenev stated that he thought this technology would bring benefits far beyond:

“The potential of cryptocurrencies will go far beyond buying coffee with them. For example, the adoption of fixed coins has already surpassed Visa in some areas... Apart from this, the issue of tokenization is increasingly talked about. Now people want to be able to trade 24 hours a day. I think these are indisputable and undeniable issues...”