AMC Entertainment CEO Adam Aron praised the SEC's new five-year "innovation exemption" allowing qualified platforms to trade tokenized U.S. stocks. The framework mandates that token holders receive identical voting and dividend rights as traditional shareholders while permitting issuers to opt out of platform trading. Aron called on Robinhood to apply these same regulatory standards to its overseas stock tokenization operations. The SEC announced the exemption on September 17, establishing a baseline for investor protections in the emerging tokenized equity market.