๐ Robinhood is facing regulatory scrutiny in the EU over its stock token products.
At the center of the issue: tokens that simulate private equity in firms like OpenAI and SpaceX โ but offer no real ownership, no voting rights, and no actual equity.
Key points:
โข The Bank of Lithuania is leading the EU probe
โข Tokens are based on estimated valuations, not stock prices
โข OpenAI itself has warned about misleading nature of these tokens
โข In the US, SIFMA is pressuring the SEC to block similar token offerings under looser rules
This raises serious questions about how tokenized equity is marketed โ and whether investors really know what theyโre buying.
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