Breaking: Robinhood to Tokenize OpenAI & SpaceX Shares for EU Investors—Wall Street Left in the Dust
Robinhood just flipped the script—again. The trading platform announced plans to offer tokenized shares of Silicon Valley giants OpenAI and SpaceX exclusively to European users. Move over, traditional brokers.
Why Europe first? Regulatory arbitrage at its finest. While the SEC drags its feet on crypto securities, the EU's MiCA framework gives Robinhood the green light to innovate. Take notes, Gary Gensler.
Tokenization 2.0: These aren't your grandpa's stock certificates. Each digital share lives on-chain, enabling 24/7 trading and—finally—liquidity for pre-IPO unicorns. Retail investors get rare access to the most coveted private tech deals.
The fine print: Expect the usual Robinhood trade-offs—'free' trading compensated by payment for order flow, now with extra blockchain complexity. Because what could go wrong when you mix meme stock mechanics with smart contracts?
Wall Street's response? Crickets. Meanwhile, Europe's crypto ecosystem just scored another win—proving once again that financial innovation happens despite regulators, not because of them.
Ending Double Taxation on Block Rewards
“For years, miners and stakers have been taxed TWICE,” Lummis posted on X Monday. “Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower.”
According to a policy document shared with The Block, the amendment proposes a de minimis exemption that would exclude transactions under $300 from capital gains tax. It also outlines a new framework for taxing staking and mining rewards — shifting taxation from the moment of receipt to the point of actual economic realization, such as a sale.
This shift would eliminate situations where individuals are taxed on crypto assets they haven’t sold and might not easily be able to liquidate, helping to resolve ongoing cash FLOW issues caused by fluctuating crypto prices.
Industry Mobilization in Support
Crypto advocacy organizations and community members have begun urging constituents to contact lawmakers, including Senate Majority Whip John Thune, to voice support for the amendment. Groups have long called for tax clarity, especially around staking income and small crypto transactions used for everyday purposes.
The proposed tax changes are seen as a critical step toward aligning U.S. crypto policy with economic realities, and making the country a more competitive hub for blockchain innovation.
If included in the final bill, the Lummis amendment could mark a turning point in how the U.S. tax code treats digital assets — moving toward a more rational, innovation-friendly regulatory environment.
