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Robinhood's chief legal officer says 'it's a stretch' to believe crypto legislation is coming anytime soon
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Robinhood's chief legal officer said new legislation directed at the cryptocurrency market likely wasn't on the horizon.
In a Wednesday interview with CNBC, Robinhood's Daniel Gallagher said given the dynamic in Congress, «it's a stretch to believe that there will be legislation coming out on crypto anytime soon.»
Gallagher made the comments ahead of a congressional crypto hearing in which six executives from firms including FTX and Coinbase were set to testify in front of the House Financial Services Committee to help legislators understand «the challenges and benefits» of the sector.
«These conversations are, theoretically, existential to crypto, but one would have to assume that Congress is actually going to act
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