Robinhood’s CEO Vlad Tenev fires back at AMC CEO in escalating fight over stock tokens
Robinhood CEO Vlad Tenev defended the company's stock token product against criticism from AMC's CEO, who called the practice 'contemptible.' Tenev argued that third-party issuers do not require consent to create financial products referencing publicly traded shares.
Why it matters
The dispute highlights the growing regulatory and legal friction between traditional equity markets and the emerging tokenized asset sector.
Tenev argued that once a company’s shares are publicly traded, it cannot control every financial product built around them, in an interview on CNBC’s “Squawk Box,” on Wedneasday.
“Issuers should have control and do have control over the rights and obligations of the stock that they issue, but that doesn’t mean they control everything about it,” he said. “In particular, they don’t control other companies issuing their own securities that reference those shares.”
“Issuer consent depends on what exactly you’re doing,” he added. “And in the case of Robinhood stock tokens [...] those should not automatically require issuer consent.”
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in