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Robinhood Defends AMC Token as AMC CEO Threatens Legal Action

Robinhood logoRobinhood
Sig2.65Sen-3.45Env0.00Soc-1.20Gov-4.55
AMC Entertainment logoAMC Entertainment
Sig2.60Sen-0.80Env0.00Soc0.00Gov0.00

AMC CEO Adam Aron criticized Robinhood for offering a tokenized version of AMC shares without registering under U.S. securities laws and said he may pursue legal action. Robinhood’s chief legal officer Dan Gallagher rejected the demand to stop offering the stock token and said the firm will stand by it. Aron also indicated he will question the SEC’s position.

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