Robinhood has rejected AMC Entertainment’s demand to halt trading in tokens tied to its stock. The platform’s chief legal officer, Dan Gallagher, a former SEC commissioner, challenged the cinema chain to pursue its legal threats on X. AMC accuses Robinhood of marketing a product that misrepresents its shares without complying with U.S. securities laws. Lawyers point out that AMC’s potential claims could hinge on trademark misuse or buyer confusion, but the tokens are not sold in the United States. Spot trading volume for stock tokens reached $15.1 billion in Q1 2026, according to CoinGecko.
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