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Robinhood defends AMC stock tokens amid legal threats from AMC CEO over issuer consent.

Market News
10 Sep 2026
Crypto news
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Neutral
Robinhood defends AMC stock tokens amid legal threats from AMC CEO over issuer consent.

Robinhood CEO Vlad Tenev defended the company's AMC stock tokens, stating that public companies like AMC do not need to consent to third-party securities referencing their shares. Robinhood’s tokens are debt securities backed one-for-one by AMC shares held as collateral, offering dividend adjustments but no voting rights. AMC CEO Adam Aron has threatened legal and regulatory action, demanding Robinhood stop offering these tokens, arguing they misuse AMC's name and share price without authorization. Robinhood maintains its position, and the tokens remain available to eligible international users, with potential future legal or SEC actions unresolved.

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