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Robinhood CEO: Trump Administration Could Pass Stablecoin Legislation This Year

Asked on Yahoo Finance's Opening Bid podcast whether lawmakers would push for stablecoin regulation in 2025, Robinhood CEO Vlad Tenev replied: "I think so." He pointed out that there is already a stablecoin bill in circulation and another bill has been proposed before the election, indicating a growing consensus on the issue. Republican Senator Tim Scott, chairperson of the Senate Banking Committee, has formed a working group to speed up certain parts of digital asset legislation. Scott is working with the Trump administration's crypto policy chief and Silicon Valley investor David Sacks. Meanwhile, Republican Senator Bill Hagerty recently introduced the American Stablecoin Innovation Guidance and Establishment Act, a bill focused on regulating stablecoins.