Tenev told CNBC's "Squawk Box" on Wednesday that public companies shouldn't have veto power over third-party securities that reference their shares.
- Robinhood CEO Vlad Tenev told CNBC on Wednesday that Robinhood does not need AMC’s consent to offer stock tokens tied to the movie-theater chain’s shares.
- Robinhood’s stock tokens are debt securities backed 1:1 by underlying shares held as collateral, according to Tenev.
- The comments follow a public feud in which AMC CEO Adam Aron called Robinhood’s stock tokens a “fake market” and threatened to take the dispute to the SEC.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
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