Robinhood Crypto Criticizes Traditional Finance, Advocates for Customer Yield Sharing

Robinhood Crypto has taken a clear stance against traditional financial practices, arguing that yields generated from customer crypto holdings should be passed back to the users. The company's Chief Legal Officer, Dan Gallagher, emphasized this principle during a recent industry discussion, contrasting it with the conventional model where financial institutions often retain such earnings. This customer-centric approach is presented as a core philosophy for Robinhood's crypto division, positioning it as a more equitable alternative in the digital asset space. The commentary highlights an ongoing industry debate about revenue sharing and transparency in crypto finance.