The success of our capital markets in the United States has to do a lot with property rights and contract law and certainty of our regime, as well as wise regulation, not the absence of regulation, which is a misunderstanding and a wrong conclusion of the last financial crisis.
McHenry emphasizes the importance of regulation in U.S. capital markets post-financial crisis.
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From the SEC registered broker perspective--and, of course, we have our affiliate, Robinhood Crypto, that is not registered--it is doable today to provide these customer protections.
Our goal is to make a law, and we expect you to play a constructive role in that process.
We adhered to the time-tested principle of same risk/same regulation, while modernizing our regulatory framework to better match this innovative technology.
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