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BitcoinSistemi 2025-07-03 07:02:08

OpenAI Responds Harshly to Cryptocurrency Efforts Related to Its Own Shares – “Be Careful”

OpenAI Responds Harshly to Cryptocurrency Efforts Related to Its Own Shares – “Be Careful”

Robinhood, which has introduced its new cryptocurrency-focused products in Europe, has begun offering tokenized versions of OpenAI and SpaceX stocks to its users, but OpenAI has strongly opposed the move. “These 'OpenAI tokens' are not OpenAI stock. We are not affiliated with Robinhood, were not involved in this process, and do not endorse this product,” OpenAI said in a statement on X (formerly Twitter). The company also stated that the transfer of its own shares is only possible with its own approval, and warned, “Any share transfer requires our approval, we have not approved any transfer. Please be careful.” Robinhood, meanwhile, introduced its new crypto and blockchain-focused products in Cannes, France. The company attracted attention with its tokenized shares, staking services, and a new blockchain infrastructure move. Following the introduction, Robinhood shares rose above $100, hitting an all-time high. Related News: One of Belgium's Largest Banks Takes Important Step with Bitcoin (BTC) and Ethereum (ETH) “These tokens create new opportunities for individual investors by providing indirect access to private markets. The tokens are offered through shares we own through a special purpose company,” a Robinhood spokesperson said in response to OpenAI’s statement. Robinhood, in line with looser investor regulations in the European Union, has distributed €5 worth of OpenAI and SpaceX tokens to eligible users who sign up to buy equity tokens by July 7. The tokens are being offered through the company’s crypto platform. Robinhood’s Crypto General Manager Johann Kerbrat said, “Our goal is to expand access. With tokenization, we want everyone to be able to participate in this economy.” However, this development has once again highlighted the clash between crypto platforms’ efforts to democratize access to financial products and the desire for control of the companies on which these products are based. Due to regulatory restrictions in the US, the tokens in question are not accessible to US users. *This is not investment advice. Continue Reading: OpenAI Responds Harshly to Cryptocurrency Efforts Related to Its Own Shares – “Be Careful”

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