AMC CEO Adam Aron says AMC will not consent to Robinhood stock tokens

AMC Entertainment CEO Adam Aron has said the company will not consent to Robinhood’s tokenized stock products tied to AMC. The timing matters. Under the SEC’s new US trading framework for tokenized stocks, issuers now have a limited right to object. A CEO, a thesaurus, and a token The dispute started on X in September 2026. Aron did not hold back, calling Robinhood’s practices: “contemptible, outrageous, disgusting, detestable, inexcusable, vile.” The products at issue are issued by Robinhood Assets (Jersey) Limited, an affiliate of the trading app. They are structured as debt securities that track the economic value of AMC shares but confer no ownership stake and no vote. Aron has called on Robinhood to stop trading the tokens. Robinhood has not backed down. Robinhood’s defense: this is offshore debt, not AMC stock Robinhood’s legal counsel has argued the tokens are distinct offshore debt instruments. In that reading, they are not AMC shares at all, so AMC’s consent was never part of the deal. The products are restricted from US persons and are not registered under US securities laws. Robinhood executives indicated intentions to let token holders redeem tokens 1:1 for shares and t...