Robinhood to Keep AMC Tokenized Product Despite CEO Adam Aron’s Objections

Robinhood will continue offering its tokenized AMC-linked product after AMC CEO Adam Aron called for it to be halted, according to CryptoSlate. Aron threatened legal action and scrutiny from the US Securities and Exchange Commission over the offering. Robinhood’s legal chief rejected the demand, saying the product would remain available. The instrument is issued as a Jersey-based debt product and does not provide holders with shareholder rights in AMC. The dispute highlights the distinction between tokenized products tied to public companies and direct ownership of the underlying shares. No further details on potential legal or regulatory proceedings were provided in the source material.