Robinhood CEO Vlad Tenev defended stock tokens, arguing that public companies should not have the authority to block third parties from creating blockchain products linked to their shares. He said the key issue is not whether a product uses blockchain, but what rights it creates. Tenev said companies should control the rights attached to their shares, but not every lawful use after investors acquire them. He also argued that putting an asset on a blockchain should not give the issuer veto power it did not have off-chain. His comments responded to AMC CEO Adam Aron, who had asked Robinhood to stop offering tokens linked to AMC and threatened to raise the matter with the SEC.