Robinhood's stock tokens face EU regulatory scrutiny, with the Bank of Lithuania demanding clarification on the legality of its newly launched stock tokens.

On July 8, CNBC reported that the Bank of Lithuania has asked Robinhood to clarify the legality of its newly launched stock tokens, including those based on OpenAI and SpaceX. As Robinhood's primary regulator in the EU, the Bank of Lithuania is reviewing the structure of these tokens and how they are communicated to consumers. Giedrius Šniukas, a spokesperson for the Bank of Lithuania, stated that the legality and compliance of these specific instruments can only be assessed after the relevant information has been received and evaluated. [Deep Tide TechFlow]