AMC Entertainment CEO Adam Aron demanded Robinhood stop trading its tokenized shares and threatened legal action and an SEC complaint. Robinhood's chief legal officer refused. The tokenized AMC float expanded nearly tenfold overnight as the token traded far above the NYSE price.

Adam Aron said AMC has no connection to Robinhood’s tokenized shares, reviving questions around how stocks are brought onchain.

OpenAI had previously made a similar criticism of Robinhood’s tokenized equities, saying it did not approve the transfer of its shares.