🔥 'Send Your Lawyers': Robinhood Isn't Backing Down From AMC Over Stock Tokens.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Robinhood rejected AMCs demand to halt trading in tokens tied to its stock. Lawyers said AMCs potential claims could depend on trademark use and whether buyers are misled. Lawyers also argued that stock tokens could broaden access to U.S. Robinhood has rejected AMC Entertainments demand to stop trading tokens tied to its stock, with the brokerages top lawyer challenging the theater chain to pursue its legal threats. Send your lawyers and well educate them, Dan Gallagher, Robinhoods chief legal, compliance and corporate affairs officer, wrote on X in response to AMC CEO Adam Aron.
Gallagher, a former Securities and Exchange Commission commissioner, said Robinhood knows a little something about the U.S. securities laws and would not DECIST, repeating the misspelling in Arons demand. Robinhood CEO Vlad Tenev shared the post, adding: We stand behind Stock Tokens. Aron accused Robinhood of marketing a security that poses as AMC stock without complying with U.S. He questioned its use of an issuer in Jersey and argued that the tokens undermine shareholder rights and companies control over capital raising. I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens, Aron wrote.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#DeFiProtocol #SECryptoRegulation #AICryptoIntegration
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Robinhood rejected AMCs demand to halt trading in tokens tied to its stock. Lawyers said AMCs potential claims could depend on trademark use and whether buyers are misled. Lawyers also argued that stock tokens could broaden access to U.S. Robinhood has rejected AMC Entertainments demand to stop trading tokens tied to its stock, with the brokerages top lawyer challenging the theater chain to pursue its legal threats. Send your lawyers and well educate them, Dan Gallagher, Robinhoods chief legal, compliance and corporate affairs officer, wrote on X in response to AMC CEO Adam Aron.
Gallagher, a former Securities and Exchange Commission commissioner, said Robinhood knows a little something about the U.S. securities laws and would not DECIST, repeating the misspelling in Arons demand. Robinhood CEO Vlad Tenev shared the post, adding: We stand behind Stock Tokens. Aron accused Robinhood of marketing a security that poses as AMC stock without complying with U.S. He questioned its use of an issuer in Jersey and argued that the tokens undermine shareholder rights and companies control over capital raising. I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens, Aron wrote.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#DeFiProtocol #SECryptoRegulation #AICryptoIntegration