In a detailed policy letter, Robinhood argues that current regulatory rules are ill-suited for the programmable, interoperable, and decentralized future of financial markets.
1. Real-time Settlement, KYC Integration, and automated Corporate Actions are possible via programmable assets.
2. Fractional Ownership and Always On Trading could improve market access and capital efficiency.
3. A single federal framework would replace today’s fragmented, multi-jurisdictional patchwork.