Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Deel allegedly paid €5,000 in crypto to spy on competitor

    July 9, 2025

    10 Years of Ethereum | Ethereum Foundation Blog

    July 9, 2025

    Amp crypto price prediction as whale buying continues

    July 9, 2025
    Facebook X (Twitter) Instagram YouTube
    X (Twitter) Instagram YouTube LinkedIn
    Block Hub News
    • Lithosphere News Releases
    • Altcoins
      • Bitcoin
      • Coinbase
      • Litecoin
    • Crypto
    • Ethereum
    • Blockchain
    Block Hub News
    You are at:Home » Robinhood’s stock tokens trigger EU probe after OpenAI denial: report
    Crypto

    Robinhood’s stock tokens trigger EU probe after OpenAI denial: report

    James WilsonBy James WilsonJuly 8, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Regulatory concerns have emerged over the investment platform and its newly launched investment products. 

    Robinhood’s new stock token product is facing scrutiny in the European Union, according to a Monday report from CNBC. The Bank of Lithuania, which serves as Robinhood’s main financial regulator in the region, has launched an investigation into the offering.

    The tokens, unveiled on July 30, let investors buy exposure to private companies like SpaceX and OpenAI in the form of blockchain-based digital assets. As part of the rollout, Robinhood also announced a promotional giveaway, offering eligible EU users five euros’ worth of SpaceX and OpenAI tokens if they signed up before a certain deadline.

    Lithuania’s central bank said it is seeking clarification on the nature of the offerings and how they’re being communicated to consumers. The probe comes shortly after OpenAI publicly rejected claims that the tokens represented actual equity, stating it had not partnered with Robinhood or authorized any transfer of its shares.

    In response to the ChatGPT maker’s disclaimer, Robinhood clarified that the stock tokens are indeed not equity, but they offer retail investors exposure to the private assets.

    While it is true that they aren’t technically “equity” (you can see the precise dynamics in our Terms for those interested), the tokens effectively give retail investors exposure to these private assets,” CEO Vlad Tenev explained.

    The central bank, which previously granted Robinhood its brokerage and crypto asset service provider license, is now requesting more details on the product to determine whether the tokens meet legal and compliance standards.

    “Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” the bank reportedly stated. “The information for investors must be provided in clear, fair, and non-misleading language.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJustin Sun fights a lot of lawsuits on behalf of companies he doesn’t own
    Next Article Elizabeth Warren wants Trump and SEC probed over crypto ties
    James Wilson

    Related Posts

    Amp crypto price prediction as whale buying continues

    July 9, 2025

    BioSig and Streamex eye $1.1b for a gold-backed treasury strategy on Solana

    July 9, 2025

    SharpLink’s ETH treasury experiment is starting to look like a model, not a gamble

    July 8, 2025
    Leave A Reply Cancel Reply

    Demo
    Latest Posts

    Deel allegedly paid €5,000 in crypto to spy on competitor

    July 9, 20250 Views

    10 Years of Ethereum | Ethereum Foundation Blog

    July 9, 20250 Views

    Amp crypto price prediction as whale buying continues

    July 9, 20250 Views

    OFAC sanctions USDT-on-Tron wallets used by Houthis

    July 9, 20250 Views
    Don't Miss

    Stablecoins are rewriting the rules of traditional finance

    By James WilsonJuly 5, 2025

    Disclosure: The views and opinions expressed here belong solely to the author and do not…

    3 tokens to stack amid BTC reserve trend

    June 29, 2025

    3 coins below $5 that could go bonkers in 2025

    June 29, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Deel allegedly paid €5,000 in crypto to spy on competitor

    July 9, 2025

    10 Years of Ethereum | Ethereum Foundation Blog

    July 9, 2025

    Amp crypto price prediction as whale buying continues

    July 9, 2025
    Most Popular

    Stablecoins are rewriting the rules of traditional finance

    July 5, 20251 Views

    3 tokens to stack amid BTC reserve trend

    June 29, 20251 Views

    3 coins below $5 that could go bonkers in 2025

    June 29, 20251 Views
    © 2025 - 2026

    Type above and press Enter to search. Press Esc to cancel.