
'We Stand Behind Stock Tokens': Robinhood CEO Backs $104 Million Ecosystem Amid Backlash
Robinhood's Vlad Tenev backs the $104 million "stock token" market, defying AMC's legal threats over on-chain trading.

Robinhood's Vlad Tenev backs the $104 million "stock token" market, defying AMC's legal threats over on-chain trading.
Adam Aron called on Robinhood to "CEASE AND DECIST" trading of AMC stock tokens and said the company's securities counsel is looking at whether it can force a halt. Chief Legal Officer Dan Gallagher answered "Send your lawyers and we'll educate them." The token's onchain supply grew from 157,844 to


The controversy highlights potential regulatory challenges and investor risks in the evolving landscape of tokenized securities.
A newly created wallet reportedly turned roughly $2,972 into more than $2.1 million within 12 hours, according to on-chain analytics account Lookonchain. The trade centered on MEME, a token on Robinhood Chain inspired by the stock of the American company AMC Entertainment, which was caught early enough to produce a reported 713x return. How the

AMC’s CEO criticized Robinhood’s tokenized stock offerings for being unregulated in the US and said he will request an investigation from an external securities counsel.
AMC stock jumped 15% in premarket trading as CEO Adam Aron demanded Robinhood halt its AMC stock tokens.

Adam Aron says AMC Entertainment has no connection to the tokens and is putting outside securities counsel on the case.

OpenAI had previously made a similar criticism of Robinhood’s tokenized equities, saying it did not approve the transfer of its shares.

AMC Entertainment CEO Adam Aron has rejected Robinhood’s tokenized product linked to AMC shares and said the theater chain will seek legal advice over an offering created without the company’s involvement. According to Aron, AMC has no connection to Robinhood’s…


AMC Entertainment shares surged 26% after posting record Q2 2026 revenue of $1.6 billion and its first-ever $300 million EBITDA quarter in 106