🚨 Robinhood’s OpenAI Tokens: Bold or Busted?

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! 👇

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