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Friday, October 23, 2026 · UTC
Crypto

AMC CEO Demands Robinhood Halt Stock Tokens; Robinhood Challenges Legal Action

AMC CEO Adam Aron demands Robinhood stop trading unregistered stock tokens, prompting a legal challenge from Robinhood.

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Stands on 11 placed sources from 3 publishers.
As of 2026-09-05 00:20 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Adam Aron stated that AMC would ask outside securities counsel to examine the offering and asked Robinhood to voluntarily CEASE AND DESIST the trading of AMC stock tokens. [1][5][7] Dan Gallagher, Robinhood's chief legal officer, stated that the company will not stop trading the AMC token and said they would educate the opposing lawyers on U.S. securities laws. [2][8] On September 4, the Robinhood Chain Ethereum layer-2 network halted block production for at least 14 minutes, stalling transactions before activity began recovering. [3] AMC Entertainment Holdings CEO Adam Aron publicly criticized Robinhood's tokenized equities (TEQs) as 'contemptible, outrageous... and vile' on September 4, 2026. [4] The token's onchain supply grew from 157,844 to 1.5 million in the 18 hours between the CEO's posts. [6] Token Terminal estimated that Robinhood Chain accounted for 78.5% of layer-2 blockchain revenue over the past 30 days. [9] Adam Aron stated that Robinhood's tokenized equities are not registered under U.S. securities laws and do not provide actual ownership or voting rights. [10] AMC shares jumped as much as roughly 17% in the wake of the exchange's announcement, though they sold off from those highs later. [11]
Proof11 sources · 3 publishers
What this stands on
  1. AMC Entertainment CEO Adam Aron demanded on early Friday that Robinhood stop trading stock tokens that reference his company's shares. · The Defiant
  2. Robinhood's Chief Legal Officer Dan Gallagher refused the demand within hours, stating that the company knows U.S. securities laws and will not cease trading. · The Defiant
  3. On September 4, the Robinhood Chain Ethereum layer-2 network halted block production for at least 14 minutes, stalling transactions before activity began recovering. · cryptoslate.com
  4. AMC Entertainment Holdings CEO Adam Aron publicly criticized Robinhood's tokenized equities (TEQs) as 'contemptible, outrageous... and vile' on September 4, 2026. · Bankless
  5. AMC has asked its outside securities counsel to examine whether it can compel Robinhood to stop trading the tokens. · The Defiant
  6. The token's onchain supply grew from 157,844 to 1.5 million in the 18 hours between the CEO's posts. · The Defiant
  7. Adam Aron stated that AMC would ask outside securities counsel to examine the offering and asked Robinhood to voluntarily CEASE AND DESIST the trading of AMC stock tokens. · cryptoslate.com
  8. Dan Gallagher, Robinhood's chief legal officer, stated that the company will not stop trading the AMC token and said they would educate the opposing lawyers on U.S. securities laws. · cryptoslate.com
  9. Token Terminal estimated that Robinhood Chain accounted for 78.5% of layer-2 blockchain revenue over the past 30 days. · cryptoslate.com
  10. Adam Aron stated that Robinhood's tokenized equities are not registered under U.S. securities laws and do not provide actual ownership or voting rights. · Bankless
  11. AMC shares jumped as much as roughly 17% in the wake of the exchange's announcement, though they sold off from those highs later. · Bankless
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