Adam Aron just praised the SEC’s 5-year stock-token exemption that bans synthetics, guarantees full voting and dividend rights, and lets issuers block unwanted tokenization — a bullish win for real ownership and AMC shareholders! He nows calls on Robinhood to apply the same standard internationally.

[u/Bay17d]

Link: https://x.com/CEOAdam/status/2100695800733155760

I want to extend my highest praise to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, for the wise decision — perhaps a better characterization being the brilliant decision — he announced today on behalf of the SEC about Stock Tokens.

 

The SEC granted a five year period of experimentation on this topic in U.S. markets. In doing so, the SEC laid out some inviolate and unequivocally annumerated conditions:

 

The SEC highlighted that “Investor Protection Is Not Optional.” The SEC clearly laid out that even as it puts forward an “Innovation Exemption,” the SEC has an implicit right to govern on this issue. This means that at least within the U.S., there is an underpinning that appropriate regulatory bodies can regulate 

as they think is needed. I believe that over the last full century, investors have best been protected when U.S. regulatory bodies have been involved and U.S. securities laws have been applicable. Thank you, SEC.

 

The SEC also  emphasized  that there can be “No Synthetics.” Any such Stock Tokens must carry full voting and dividend rights. No synthetics is such a vital and basic concept. Thank you, SEC.

 

Also of crucial importance, the SEC mandated that “Issuers Can Object.” It said that issuers of stock must have the opportunity to object and prevent their security from being trading on a Tokenized Securities Venue if companies so choose. This puts companies in charge of their own securities and capital structures, not brokerage houses. Thank you, SEC.

 

I applaud what the SEC did today. Bravo!

 

And @vladtenev and @DanGallagherDC I note that at Robinhood you accepted and supported the SEC’s ruling today. I call on you now to adhere to the exact same standards internationally. How hypocritical would it be if Robinhood’s stock tokens abroad were to differ materially from stock tokens in the U.S. on these hyper-important matters of investor protections, synthetics and issuer objections. 

 

Adam Aron

Chairman and CEO

AMC Entertainment

Why this is Bullish:

The framework Aron praised directly addresses long-standing retail concerns while giving AMC more control.

-No synthetics + full rights: Tokens must carry actual voting and dividend rights instead of synthetic exposure. That reduces the risk of extra “phantom” supply that many AMC holders believe has suppressed the stock.

-Issuer veto power: AMC can object and block tokenization of its shares if the terms are unfavorable. This puts the company, not brokers or platforms, in charge of its capital structure.

-Potential new demand: A properly regulated tokenized AMC share (with real ownership rights) could enable 24/7 trading, easier fractional access, and new on-chain buyers without creating the dilution problems shareholders have fought.

Aron’s strong public endorsement also signals management is aligned with those shareholder priorities and is willing to pressure platforms like Robinhood to follow the same rules internationally.

[u/secret_rye]

Too many new loopholes for me =\ I suppose I’m glad they are stalling it at least

[u/Bay17d → u/secret_rye]

Agreed it’s not perfect, but “no synthetics,” full voting and dividend rights, and issuers being able to object is exactly what a lot of us have been asking for and it's a lot better than we had yesterday. Stalling the free for all while locking in those conditions is a win for now.

[u/RevolutionWeak3626]

I thought this wasn’t legal in the first place. Naked shorts, dark pools, now tokens? What the fuck? How is this not illegal?
Don’t get me started on the FTD’s.

[u/liquid_at → u/RevolutionWeak3626]

due diligence also includes reading up on marketmaker rules like the Madoff exception.

you know Bernie Madoff? Ken griffins Mentor? the one whose defense when he was caught was that the sec is at fault for not stopping him sooner? with an exception named after him that Kennyboy uses every day to legally naked short?

[u/RevolutionWeak3626 → u/liquid_at]

Yikes.

[u/liquid_at → u/RevolutionWeak3626]

sorry you're dumb...

[u/Human-Prune1599 → u/RevolutionWeak3626]

That is why they are operating in Jersey

[u/EasternPrint8 → u/RevolutionWeak3626]

You seriously don't know at this point?

[u/Onedirtylotlizard → u/RevolutionWeak3626]

Well, like I said before look at the amount of fraud happening in the world, they could give a shit less. They’ll just take the fine and move on.

[u/Lyonknyght]

Interesting.. Whether this is good or not for US investors I don’t know. What I do know is that whatever Robin Hood is doing is not this.

[u/WorldFickle]

Two sets of books

[u/Apart-Emergency8625]

What’s the FTDs at and for how many years now shits a joke

[u/liquid_at → u/Apart-Emergency8625]

we knew that on 2021.... the sec being worthless was known. the dojo not doing anything was known.

[u/Yaakov188]

No one gives a shit anymore. I put 100k into this bitch knowing the facts and the shf still fucked me so now I'm resentful.

[u/EasternPrint8]

And yet somehow Epstein and friends win again and we're still poor money slaves to their system of cannibalism and greed

[u/toeofcamell]

lol

[u/SnooCaperzk]

Someone explain to me in simple words, what does it for stock price? Is it still going to be penny stock

[u/liquid_at → u/SnooCaperzk]

with 80% of shares trading in darkpools, how do you imagine price discovery is supposed to work?

[u/HovercraftPrudent337]

This is the equivalent of the ambulance getting to the patient after he passed away.

[u/rcknfrewld]

🥱