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AMC's CEO spent the holiday weekend calling Robinhood's tokenized AMC shares "contemptible" and "vile."

Austin Campbell, Ram Ahluwalia, and Chris Perkins break down what a "reverse ADR" actually is, why Ram thinks most of this is derivatives repackaged as innovation, and why Chris pushes back using Robinhood Chain's own financials.

Hosts:

• Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell

• Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia

• Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97

This clip is from a longer conversation on tokenized stocks, meme coins, frontier AI, and the Fed. Full episode here: https://youtu.be/cDFv4OCihgU?si=qdPWALHcmHc97SEc 

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Chapters:

🥊 00:20 AMC's CEO calls Robinhood's tokenized stock vile: what it actually is

📊 06:36 Ram: stock tokens are "derivatives for the sake of derivatives"

🔍 11:17 Why Austin says the AMC fight reveals microstructure ignorance

🏗️ 14:40 Ram: real innovation looks like CDO Square 2.0, not this

💰 21:41 Chris defends Robinhood Chain's financials

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