AMC Entertainment shares jumped more than 15% in premarket trading on Friday, reaching $2.92 and valuing the company at roughly $2.6 billion. AMC CEO Adam Aron publicly demanded that Robinhood halt trading of tokenized versions of AMC stock, accusing the platform of contemptibly disregarding US securities laws by issuing these products from Jersey, roughly 3,000 miles offshore. Robinhood CEO Vlad Tenev pushed back, questioning the legitimacy of the concern. The $2.8 million token market has moved a $2.6 billion listed company, with no official legal action or SEC intervention published so far.
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