Robinhood CEO Vlad Tenev warns that the US could lose its competitive edge in financial markets without clear rules for tokenized securities. He argues that blockchain-based financial assets could provide more investment opportunities for retail investors. Tenev calls for a regulated framework for tokenized securities and updates to the SEC’s accredited investor rule. Industry leaders like BlackRock CEO Larry Fink also see potential in tokenized securities, predicting a multitrillion-dollar market. US regulators need to act quickly to avoid falling behind in financial innovation.

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