AMC CEO strikes again at Robinhood, MEME accelerates decline falling below $40 million

BlockBeats News, September 5, AMC CEO Adam Aron once again took aim at Robinhood on the X platform, sharply criticizing the company's promotion of offshore Stock Tokens on its U.S. website. Aron argued that Robinhood is effectively circumventing the spirit of securities laws, creating an unauthorized synthetic market.

Meanwhile, Adam Aron called out Robinhood co-founder Vlad, stating, "Trifling with U.S. securities laws is not something that brings honor to Robinhood. Nor is it something that adds integrity or credibility to the financial markets. You yourself have admitted that, in this case, you are not complying with U.S. securities laws, and therefore you cannot offer or sell these Jersey offshore tokens to U.S. persons. Yet, your company is aggressively promoting them on U.S. websites."

Possibly influenced by this news, according to GMGN market data, MEME has accelerated its decline again, now falling below $40 million, with a market cap temporarily reported at $38.82 million.