Robinhood CEO Pushes Back at AMC Over Control of Stock Tokens

·1 views

Robinhood CEO Vlad Tenev appeared on CNBC's 'Squawk Box' on Wednesday to respond to criticism from AMC's chief executive regarding stock tokens. Tenev argued that publicly listed companies should not have the authority to block third-party securities that reference their shares. The remarks come amid a growing dispute between the two executives over the legitimacy and oversight of tokenized stock products. The clash highlights broader tensions in the financial industry over who holds control when traditional equities are represented in digital token form.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

U.S. Treasury Sanctions Chinese Crypto Platform Xinbi Guarantee for Cyber Scams

The U.S. Treasury Department has imposed sanctions on Xinbi Guarantee, a Chinese-language online platform linked to large-scale cyber fraud. Xinbi is accused of facilitating criminal activity by conducting transactions primarily through cryptocurrency. The platform allegedly provided services to other criminal networks, effectively functioning as a hub for illicit operations. This action reflects the Treasury's continued efforts to crack down on crypto-enabled criminal enterprises operating internationally.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Tether Launches $400M Private Credit Fund in Partnership with Fasanara

Tether, the issuer of the USDT stablecoin, is expanding into private credit through a $400 million fund established with Fasanara. The partnership marks a significant diversification move for Tether beyond its core stablecoin business. Under the arrangement, Tether will help identify and source lending opportunities within Fasanara's private credit network. The company will also provide stablecoin payment infrastructure to support the fund's operations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

US Backs $300M Quantum Push, Raising Stakes for Bitcoin and Ethereum Security

The United States government is supporting a $300 million hardware initiative aimed at advancing quantum computing capabilities. While fault-tolerant quantum machines capable of breaking current encryption do not yet exist, experts warn the threat is approaching. Both Bitcoin and Ethereum development communities are working on migration plans to quantum-resistant cryptography. Notably, the timeline for these crypto upgrades and the maturation of quantum hardware is converging around the year 2029. This overlap is intensifying urgency within the blockchain industry to future-proof their networks before a viable quantum threat emerges.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Consensys to Spin Off MetaMask as Independent Company Under Joe Lubin

Blockchain software firm Consensys is restructuring by splitting MetaMask into a standalone company. The existing entity, Consensys Software Inc., will be rebranded under the MetaMask name. Ethereum co-founder Joe Lubin will serve as both chairman and CEO of the newly branded firm. The company has not made any statements regarding a potential IPO amid the reorganization.

0 comments Read more at CoinDesk