AMC CEO demands Robinhood stop trading AMC-linked stock tokens

AMC Entertainment's chief executive Adam Aron has publicly attacked Robinhood over tokens linked to AMC shares. The tokens are digital versions of the stock, traded on Robinhood's blockchain platform. AMC did not create or approve them. Aron used very strong language to describe the tokens and demanded that Robinhood stop offering them. He also said AMC's lawyers were looking at ways to force a halt, and that he would contact the SEC. Robinhood's top legal officer, Dan Gallagher, rejected the demand on social media and told AMC to send its lawyers. Gallagher previously worked as an SEC commissioner. Robinhood's CEO Vlad Tenev supported Gallagher's response and said the company stood behind its stock tokens. No legal action had been filed at the time.