AMC vs Robinhood Round II

AMC CEO Adam Aron called Robinhood’s tokenized AMC offering “outrageous” and asked outside securities counsel to review it. He said AMC had no role in the issuance and questioned its legality because the tokens are not registered under U.S. securities law. Robinhood’s documents describe them as offshore-issued debt securities, not shares carrying ownership or shareholder rights. AMC stock jumped nearly 21% overnight due to the fight… Read more →

Revolut has received conditional OCC approval to launch a full-service U.S. national bank, with a 2027 opening planned pending FDIC, Federal Reserve and final OCC approvals. Revolut already serves more than 80 million customers globally with an app spanning cards, payments, currency exchange, investing and crypto. In the US, many of those services currently run through partner banks. Its own charter would let Revolut directly offer insured deposits, loans, credit cards and payments, while still supporting crypto and a planned Revolut-branded stablecoin. It’s therefore closer to Erebor’s full-bank model than the narrower trust-bank charters pursued by World Liberty, Circle and Coinbase. Read more →

Grayscale is among the crypto firms asking the SEC to let sponsors submit proposed crypto fund registrations confidentially and respond within 45 days, arguing that public filings invite copycats. 21Shares and a16z also favor faster reviews. Jane Street warns that rushed launches leave less time for feedback on fund structure and liquidity, while Schwab opposes a fully confidential process. The SEC has not set a timeline for further action. Read more →

📥️ Want to advertise in CoinSnacks? Learn More