AMC CEO Slams Robinhood Over Tokenized Shares; Stock Jumps 21%

The sharp stock reaction suggests markets are pricing in potential legal or operational friction for Robinhood's tokenized equity push, rather than any fundamental shift in AMC's business. This is a flashpoint in the broader battle over whether tokenized securities can bypass traditional issuer consent and disclosure rules. The open question is whether regulators or exchanges step in to clarify jurisdiction, which would set a precedent for how other companies handle unauthorized tokenized offerings. For now, the volatility reflects uncertainty about who holds the upper hand in defining what counts as a legitimate share.