Robinhood CEO: Issuers Should Not Control Stock Token Products, Tenev Says

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Robinhood CEO Vlad Tenev addressed the ongoing dispute between Robinhood and AMC in a post published Friday. Tenev argued that while securities issuers rightfully control shareholder rights, they should not have veto power over separate financial products that simply track their publicly traded shares. His comments come amid a broader feud with AMC over stock tokens offered on Robinhood's platform. Tenev's stance draws a clear distinction between owning a stock and owning a token that mirrors its price performance.

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