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AMC chief criticizes Robinhood’s tokenized stock plan

AMC CEO Adam Aron criticized Robinhood's tokenized stock offerings as unregulated in the US and announced an investigation by external securities counsel, citing no affiliation with AMC shares.

Why it matters

This story highlights the ongoing regulatory challenges and scrutiny facing tokenized assets, particularly those linked to traditional securities, and could influence how platforms like Robinhood develop and offer such products in the future.

cointelegraph.com
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Crypto

AMC CEO Calls Robinhood Stock Tokens 'Contemptible' and 'Vile'

Adam Aron, CEO of AMC Entertainment, publicly denounced Robinhood's stock token program, which allows users to trade tokens representing shares of over 190 companies, including AMC. Aron expressed outrage, questioned the legality of the unregistered tokens under U.S. securities laws, and announced that AMC's legal counsel would investigate the matter immediately.

decrypt.co
India

India-born Manjit Singh Bedi in FBI’s ‘Most Wanted’ list for alleged fraud

Bedi, a naturalized US citizen, allegedly operated a scheme from his Tacoma grocery store, swiping customers' EBT cards and giving them cash while keeping half the proceeds. He is accused of defrauding the Supplemental Nutrition Assistance Programme (SNAP) between March 2024 and June 2025, and is now believed to be in India after fleeing the US.

indianexpress.com
Iran

Reuters analysis confirms US directly hit wedding in Iran

Iranian officials have condemned the US airstrike on a wedding ceremony as a blatant war crime, contrasting it with Iran's adherence to humanitarian principles. The US Vice President acknowledged an investigation into the incident, while weapons experts confirmed the damage pattern was consistent with a direct US munition strike.

en.mehrnews.com
Iran

Ghalibaf warns Bessent over US oil reserves, bond yields

Ghalibaf's remarks, delivered via X, criticized Bessent's efforts to manage the US Treasury market and highlighted the depletion of the Strategic Petroleum Reserve. This comes amid geopolitical tensions with Iran and disruptions in the Strait of Hormuz, with Ghalibaf suggesting Washington is using rhetoric about Iran to mask its economic vulnerabilities.

en.mehrnews.com

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