Robinhood defies AMC as fight tests issuer control over stock tokens

Robinhood has turned down AMC Entertainment‘s request to stop trading in blockchain-linked tokens related to the movie theater company’s stock. This has raised a larger issue: does a publicly traded company have any influence over a third partys tokenization of its stock?  The controversy between Robinhood and AMC on X matters to more than one company. It also applies to publicly traded companies whose shares may be tokenized without their knowledge, as well as investors buying products tracking shares without becoming shareholders.  By refusing to stop trading the tokens, Robinhood is pushing the limits of how much third-party tokenized shares can accomplish under current securities law. The controversy also raises concerns on ownership, control of the issuing company, fragmented liquidity, and regulatory oversight.  “Send your lawyers and well educate them”  Dan Gallagher, who is the head of legal, compliance, and corporate affairs at Robinhood, and a previous SEC commissioner, responded to AMC CEO Adam Aron. Gallagher mentioned on X that Robinhood knows “a little something about the U.S. securities laws and will not ‘DECIST,’” mocking Arons misspelling in his post. He added “send your lawyers and well educate them.”  CEO of Robinhood Vlad Tenev re-shared the message with a caption, “We stand behind Stock Tokens.”  Arons

09-05انڈسٹری

El Salvador added 1,540 Bitcoin, but the IMF says Bukele‘s government didn’t pay for them

The International Monetary Fund (IMF) says El Salvadors Bitcoin reserve growth over the past year came from private donations, not new government spending.  Related Asset Bitcoin #1 BTC · $79,680.08 24-hour change: down 1.89% 24H Down 1.89% 7D Up 2.62% 30D Up 23.43%  In its latest review of the countrys loan program, the global financial agency said documents supplied by El Salvador showed that Bitcoin accumulated since the previous review reflected private donations. It added that no public resources were used and said it expects no further accumulation beyond those documented contributions.  The Fund also reiterated that earlier changes in El Salvadors BTC position had not necessarily represented new buying.  In previous reviews, it said increases in the Strategic Bitcoin Reserve reflected transfers among government-controlled wallets, while small fluctuations elsewhere were linked to Bitcoin-denominated deposits held through Chivo.  The IMF also noted that the Salvadoran government had “substantially unwound” its stakes in the Chivo e-wallet. It explained:  “Majority ownership and operational control have been transferred to a private operator, while a minority stake and custodial responsibilities for customer assets have been retained by the government.”  El Salvadors Bitcoin push continues despite the IMF accounting  The IMF‘s assessment sits uneasily beside both the size of El Salvador’s growing reserve

09-05انڈسٹری

Analyzing Bitcoin‘s rally as Waller’s Fed stance makes rate call a 50-50 coin toss

Last week, Federal Reserve Chair Kevin Warshs hawkish speech at the Jackson Hole event led to a Bitcoin [BTC] price drop to $77k. The Fed was not yet done fighting inflation, and this news raised the odds of a rate hike to 57%.  On Thursday, the 3rd of September, Bitcoin rallied 5% in a day following Fed Governor Christopher Wallers comments. Speaking at a Reuters event, Waller indicated that he would be inclined to support keeping interest rates unchanged during the September meeting.  The same day also saw $730.8 million net flows into spot BTC ETFs, highlighting strong demand.  This Bitcoin price move led to an uptick across the crypto market. It also slashed the odds of a rate hike from 57% to closer to 50%, according to the CME FedWatch Tool.  Source: FedWatch Tool  It is now a coin toss whether interest rates remain unchanged or face a hike. Any event from now to the announcement that gives some certainty to an outcome will be likely to move markets to a greater extent.  The impact of the Feds decision on crypto  In 2026, the days around the FOMC rate decision have tended to be clear price pivot points. For example, the decisions in January, March, and

09-05انڈسٹری

UK Revolut Nears US Bank Launch as Bitcoin Services Could Follow

Key TakeawaysRevolut won conditional OCC approval for a U.S. bank charter in six months.A charter could cut reliance on partner banks and intensify U.S. fintech and crypto competition.Revolut targets H1 2027 launch, pending FDIC, Fed, and final OCC approvals.  Revolut Eyes US Stablecoins After Clearing Key OCC Hurdle  Revolut has moved a major step closer to becoming a full-service U.S. bank, potentially giving one of Europe‘s largest fintech companies a much stronger foothold in the world’s biggest financial market.  The U.K.-based company, which serves more than 80 million customers and could go public in the next two years, received conditional approval from the Office of the Comptroller of the Currency for Revolut Bank US.  The proposed bank, based in Stamford, Connecticut, is targeting a first-half 2027 launch. Revolut still needs approvals from the Federal Deposit Insurance Corporation, the Federal Reserve, and final OCC clearance.  Once approved, it plans to offer checking accounts, loans, credit cards, and foreign exchange. Stablecoins and broader crypto services are expected to follow.  Discover more  exchange-traded funds (ETFs  NEWS  Finance  “Conditional OCC approval is an important first step towards establishing the proposed Revolut Bank US. It gives us the foundation to bring the full Revolut experience to millions of Americans,” founder and CEO Nik Storonsky said.  Six-Month

09-05انڈسٹری

Robinhood Chain Halts Blocks for 14 Minutes, Stalling

Robinhood Chain halted block production for more than 14 minutes Friday, leaving transactions stalled on the Layer 2 network during U.S. trading hours.  The network stopped producing blocks at around 12:57 p.m. UTC, leaving token transfers and smart contract transactions stuck. Block production later resumed, although the network showed signs of further instability. Robinhood has not explained what caused the halt.  Robinhood Chain Faces Network Disruption  On-chain data showed a buildup of transactions at the block where production stopped. Users continued submitting transactions during the outage, but the network did not confirm them until block production resumed.  Block production eventually resumed, although explorer data showed periods of instability afterward. Robinhood has not disclosed what caused the halt or provided a detailed explanation of the disruption.  Related: AMC CEO Criticizes Robinhood Over Tokenized Stock Offering  The outage comes as tokenized stocks gain traction across blockchain networks. Data from RWA.xyz showed the number of tokenized-stock holders reached about 2.60 million in August, up sharply from roughly 1 million previously.  Robinhood Chain, BNB Chain and Solana accounted for about 95% of tokenized-stock holders, highlighting the growing activity around blockchain-based equities.  HOOD Shares Slide as Chain Recovers  Robinhood Markets shares opened at $120.48 Friday, down from Thursdays close of $124.72. The stock fell

09-05انڈسٹری

Coinbase adds six tokenized stocks after $228M debut

Coinbase has added six tokenized equities, including Amazon, Microsoft, and Tesla, to Base after its first batch generated $227.7 million in decentralized exchange volume within about 30 days.  SummarySix new equity tokens have joined Coinbases initial four-stock lineup on Base.Amazon, Microsoft, Strategy, SanDisk, SpaceX, and Tesla are included in the latest release.Token Terminal recorded $227.7 million in DEX volume for Coinbase-issued stock tokens over 30 days.U.S. persons remain unable to access the products under Coinbases current Regulation S offering.  Base said on Sept. 4 that Amazon (AMZNc), Microsoft (MSFTc), Strategy (MSTRc), SanDisk (SNDKc), SpaceX (SPCXc) and Tesla (TSLAc) are now available onchain, expanding Coinbases tokenized stock range weeks after the initial release.  The additions give eligible investors exposure to five publicly traded companies and privately held SpaceX through tokens that can move across supported applications on the Ethereum layer-2 network. Developers can also integrate the assets into trading, lending, and other financial products built for Base.  Coinbase tokenized stocks expand beyond the first four assets  Coinbase started its Base rollout on Aug. 24 with tokens tied to Apple, Alphabet, Meta, and Nvidia. As crypto.news previously reported on the launch, the products use Bases B20 standard and represent beneficial interests in shares held through regulated custody.  Adding

09-05انڈسٹری

Trump pushes Fed on rates after 162,000-job gain

U.S. President Donald Trump has renewed his demand for lower interest rates and threatened to halt trade with deficit countries after employers added 162,000 jobs in August.  US jobs growth has exceeded forecasts  The U.S. Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 162,000 in August, while the unemployment rate remained at 4.1%. Economists polled by Reuters had expected the economy to add about 56,000 jobs.  Augusts increase was also well above the average monthly gain of 31,000 recorded during the previous 12 months. The number of unemployed people changed little at 7 million, while the labor force participation rate edged up to 61.6%.  Revisions strengthened the report further. The BLS raised June‘s increase from 20,000 to 31,000 and changed July’s estimate from a loss of 23,000 jobs to a gain of 21,000. Combined employment growth for the two months was therefore 55,000 higher than initially reported.  Food services and drinking establishments accounted for 59,000 new positions in August, compared with their 12-month monthly average of 12,000. Local government education added 42,000 jobs, and manufacturing employment rose by 16,000.  Information companies cut 23,000 positions, including losses among computing infrastructure providers, publishers, and broadcasters. Healthcare employment increased by 13,000, but the gain was below

09-05انڈسٹری

SoFi Partners With Kraken On Crypto Trading

SoFi Technologies and Payward, the parent company of Kraken, announced a strategic partnership on September 3 that connects banking, payments and digital asset markets. Under the agreement, Kraken will list SoFiUSD, the bank-issued stablecoin from the nationally chartered bank, while SoFi routes its digital asset order flow through Kraken Prime for trade execution, according to the Kraken announcement.  How the Partnership Works  Payward is joining the SoFi Exchange Network‘s real-time settlement rails, the announcement said. Kraken Prime’s institutional and business clients will also gain access to SoFis Big Business Banking and its SEN settlement network, giving them a regulated banking partner that settles fiat in real time, 24 hours a day. Qualified custody capabilities are expected to follow as the relationship grows.  SoFi counts 15.8 million members, and the app already lets users buy and sell crypto. By routing that order flow through Kraken Prime, those trades now reach a deeper pool of liquidity rather than filling against a single order book. SoFi operates as a nationally chartered bank, so the tie-up pairs a regulated banking franchise with Krakens institutional trading stack.  Kraken Primes Execution Model  Kraken Prime, launched in 2025, uses a smart order routing system that reads pricing and depth across supported venues

09-05انڈسٹری

Grayscale Names 3 Blockchains Leading the Tokenized Stock Boom

Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, Grayscale said in a research note published Thursday. Weekly spot volume for the sector peaked near $3 billion in early August.  Those numbers show tokenized equities have found buyers. Almost none of that money, however, does anything else on-chain once a trade settles.  Sponsored  Sponsored  Grayscale Names Robinhood Chain, BNB and Solana as Tokenized Stock WinnersTokenized Stock Trading Runs Ahead of Onchain Utility  Tokenized stocks are blockchain tokens that track a listed share price without handing the buyer the share itself. Trading them is easy. Doing anything else with them is not.  About 5% of the tokenized equity market is put to work in on-chain finance, according to the note. Grayscale research head Zach Pandl tied that to what investors actually want, which is round the clock trading and access from anywhere.  Value locked in tokenized stocks passed $110 million in late August, Grayscale said in a post citing on-chain data from Allium. That sits far below the billions changing hands every week.  $HOOD, $BNB, and $SOL are leading chains for tokenized equity trading by volume.  Weekly spot volume has already reached $3B, with onchain Total Value Locked (TVL) surpassing $110M. Tokenized equities are growing fast.  Read

09-05انڈسٹری

CLARITY Act Gets a Boost as Sheriffs Drop Opposition

The NSA officially changed its CLARITY Act position from opposition to neutral.The group said important details of the legislation are still under consideration.Its previous opposition had complicated efforts to secure Democratic support.Restrictions on government officials profiting from crypto remain a larger political hurdle.  The National Sheriffs Association (NSA) has dropped its opposition to the CLARITY Act, removing a law enforcement obstacle that had complicated efforts to build bipartisan support for the landmark U.S. crypto market structure bill. In a September 3 letter to Senate leaders, the NSA changed its position to neutral and said Congress should be allowed to continue negotiations on the regulatory framework. The move could help with Democratic votes, but disputes over government ethics and other provisions remain unresolved.  Sheriffs Step Aside Rather Than Endorse the Bill  The NSAs September 3 letter provides a more nuanced signal than a straightforward endorsement.  Addressed to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the organization acknowledged that the CLARITY Act is attempting to regulate a market that has operated without sufficient oversight and credited Congress, the administration and other stakeholders for working through its legal and enforcement implications.  But the group stopped short of saying the legislation is ready for passage.  “Given the

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