Johann Kerbrat, head of crypto at Robinhood, stated that the recent innovation exemption order issued by the U.S. Securities and Exchange Commission (SEC) restricts the company's ability to launch tokenized stocks in the U.S. He noted that Robinhood's trading volume for tokenized stocks is approaching the cap set by the exemption order, and the order also limits the types of assets that can be tokenized. The SEC issued a five-year exemption order on September 17, allowing certain U.S. platforms to trade tokenized stocks with limits on trading volume and asset types, without needing to register as an exchange. Kerbrat also mentioned that Robinhood is moving forward with plans to launch crypto perpetual futures in the U.S., intending to support trading for 8 cryptocurrencies, including Bitcoin and Ethereum.