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OpenAI Denounces Robinhood’s Unauthorized Token Distribution Amid European Expansion
OpenAI Denounces Robinhood’s Unauthorized Token Distribution Amid European Expansion
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BTCCSquare news:
Robinhood's aggressive push into tokenized assets in Europe has hit a regulatory snag. The trading platform distributed 'OpenAI' and 'SpaceX' tokens as part of its LAYER 2 blockchain launch, triggering a swift public rebuke from the AI firm. OpenAI clarified these tokens confer no ownership rights and were issued without its consent.
Elon Musk amplified the controversy, criticizing OpenAI's governance structure. The incident underscores the legal gray areas of tokenizing private equity. Robinhood's attempt to democratize access to private markets through blockchain may face mounting scrutiny as traditional finance collides with decentralized innovation.
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