Robinhood’s new move to tokenize private shares of OpenAI might sound like innovation… but lawyers say it’s walking a legal tightrope ⚖️
Here’s the deal:
👉 These aren’t real shares, just fractional exposure via a “SPV” (special purpose vehicle).
👉 OpenAI says the offer is unauthorized 🚫
👉 SEC? 👀 Watching closely. Hester Peirce says these are securities – full stop.
👉 And if Robinhood collapses? Holders might be left with nothing 😬
Crypto lawyer John Montague warns this could violate shareholder agreements and spark lawsuits. And let’s not forget:
Figure AI already sent cease-and-desists to stop this exact thing.
Still, there’s a twist:
✅ It opens startup investing to everyday people.
❗But without voting rights or ownership? It might just fuel another bubble 💣
So...
Innovation or lawsuit bait?
Agree? Drop your hot take below! 👇
$BTC $XRP $ETH #Crypto #TokenizedEquity #Robinhood #OpenAI #DeFi
#Crypto #TokenizedEquity #Robinhood #OpenAI #DeFi #BinanceSquare