AMC and Robinhood clash over tokenized stock tied to theater chain

AMC Entertainment CEO Adam Aron is challenging Robinhood over a token linked to the theater chain that traded on the brokerage’s platform without AMC’s involvement. Aron called the practice “contemptible” and “outrageous” and demanded that Robinhood stop. Robinhood co-founder Vlad Tenev responded on X by asking, “What’s the concern?” The dispute highlights unresolved questions over who can create tradable blockchain versions of public-company shares.

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