Robbing the Hood? SEC’s New Nightmare! 😱

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Ah, Robinhood, that benevolent benefactor of the common man… or so they’d have you believe! They’ve apparently crawled before the mighty U.S. Securities and Exchange Commission (SEC) with yet another “innovative” proposal. This time, it’s a real-world asset (RWA) tokenization scheme. One wonders if they’ve learned nothing from their past adventures. 🙄

Word on the digital streets – specifically, that cesspool we call crypto Twitter – suggests Robinhood is plotting an RWA platform built upon the hallowed grounds of Base and Solana. Two blockchains, eh? Fast-growing, they say? One can only imagine the fees the common folk will be subjected to in this “democratized” marketplace. 💸

This bold maneuver signifies that Robinhood, traditionally known for separating naive retail investors from their hard-earned coin (through stock trading, of course), now seeks to plunder the burgeoning RWA market. One can almost smell the faint whiff of desperation in the air. 🦨

Why is Robinhood betting on Base and Solana?

Robinhood’s affections for Base and Solana, we are told, stem from their “credibility” as leading infrastructure layers for the next act of this tokenized farce. Low fees and high throughput, they boast! As if those are the only virtues worth considering in this capitalist circus. Never mind the stability, security, or potential for manipulation. 🤡

The platforms, reportedly, have witnessed an “increased number of RWA projects” of late. Perhaps they are just following the trend, like moths to a flickering flame. What could possibly go wrong? 🔥



It seems Robinhood has long harbored a secret fondness for Solana. Earlier this month, it was whispered in the hallowed halls of CoinGape.com that Robinhood was considering tokenized trading in Europe. Oh, the audacity!

Read More and despair at Coingape.com. For there, you will find more details about this grand endeavor. May the odds be ever in your favor. 🍀

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2025-05-20 19:13