AMC Seeks Robinhood Tokenized Stocks Removal Amid Social Media Clash

AMC wants its tokenized stocks removed from Robinhood, arguing buyers do not own AMC shares and could mistake the products for real equity. According to BeInCrypto, Robinhood Chief Legal Officer Dan Gallagher said the firm will not remove the tokens, while AMC CEO Adam Aron said he will raise the issue with the SEC. The dispute centers on offshore-issued debt instruments tied to stock prices, with no voting rights or right to exchange for the underlying shares.