Robinhood CEO Vlad Tenev Defends Stock Tokens After AMC Criticism
Robinhood CEO Vlad Tenev defended his company's tokenized stock products on CNBC, offering his first televised comments since AMC Entertainment chief Adam Aron went public with his objections.
Aron has accused Robinhood of issuing unregistered tokens tied to AMC stock in violation of U.S. securities law, and threatened to bring in outside counsel and the SEC.
A Public Feud Over Stock Tokens
The dispute began after Robinhood extended its tokenized stock offering to cover AMC and more than 190 other companies through Robinhood Assets Limited, without those firms directly signing on.
Aron reacted furiously on X, arguing the products let Robinhood create exposure to AMC stock without the company's involvement, undermining the usual relationship between a company and its shareholders.
