Uh, yeah.  Robinhood has absolutely no idea what they're doing as far as crypto is concerned--or they're dressing up the language to make it appear that all that KYC info is supposed to keep your coins safe (which is probably what they're doing).

I don't trust Robinhood as far as I can throw them, not after the GME debacle.  And they've offered crypto trading for a while now, just not the ability to withdraw coins.  Is that something they're offering now?  If not, this is no big deal.  If they are letting customers withdraw their coins, you'd better believe those coins are going to be tracked by Robinhood and/or the government.  This might appeal to all the current Robinhood customers who just want to day trade, but I doubt many people on bitcointalk are going to find any value in whatever Robinhood is up to.