Crypto

Robinhood crypto chief operating officer to leave amid weak cryptocurrency revenue

Robinhood’s cryptocurrency chief operating officer Tanya Denisova (타냐 데니소바) is leaving the company, Coindesk reported on May 23, citing two sources familiar with internal matters. Denisova has worked at Robinhood for more than five years, according to her LinkedIn profile. Her departure comes as Robinhood’s first-quarter results and revenue outlook fell short of expectations, mainly due to a slowdown in cryptocurrency trading.

Crypto

Watch for birth of yield-as-a-service market after Clarity Act passage

A proposed U.S. Clarity Act could bring the biggest change by creating a new “yield-as-a-service” market, an executive at stablecoin infrastructure firm STBL said. Under Section 404, digital asset service providers and affiliates would be barred from offering yield simply for holding digital assets. That could shift the market from passive “hold-to-earn” products to compliant, active yield strategies. The bill has passed the Senate Banking Committee.