Robinhood CEO rejects AMC token consent demand
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Robinhood Markets CEO Vlad Tenev has rejected AMC Entertainment Holdings’ demand to stop its stock token.
Robinhood Markets CEO Vlad Tenev has rejected AMC Entertainment Holdings’ demand to stop its stock token.
AMC Entertainment CEO Adam Aron criticised Robinhood Markets over tokenised versions of AMC shares.
Robinhood has seen its tokenised AMC Entertainment product reach $18.04, while AMC shares closed at $2.54.
Robinhood Chain’s fee model has sparked a debate across major blockchain networks about how infrastructure should fund growth.
Bloomberg's Anna Irrerea joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." AMC CEO Adam Aron traded barbs with Robinhood CEO Vlad Tenev last week after discovering a token bearing the theater chain's name was trading on the brokerage's blockchain. AMC CEO dubbed it "outrageous" and demanded that Robinhood cease trading it.
