Bitcoin pockets software program firm Exodus Motion has stated it was “shocked, confused, and deeply disillusioned” after the Securities and Trade Fee (SEC) transfer to delay the company’s planned listing on a U.S. inventory change.
Yesterday, the SEC postponed the crypto firm’s itemizing on the NYSE American, the New York Inventory Trade’s sibling market, in line with Exodus.
“In the present day, the SEC made a shock last-minute resolution that delays Exodus from itemizing on the NYSE American,” Exodus said on Twitter (aka X) late Wednesday.
“Whereas we’re deeply disillusioned, Exodus will proceed to empower prospects all around the world to manage their very own wealth utilizing our best-in-class self-custody crypto pockets,” the agency’s assertion reads.
In an official assertion, Exodus CEO JP Richardson stated: “Whereas we’re shocked and confused by this last-minute resolution, we stay hopeful that the SEC will observe by on its dedication to deal with us because the legislation intends.”
Exodus, which gives a self-custodial software program pockets for various cryptocurrencies, declined to remark additional and reply to Decrypt’s questions.
The corporate, which went public in 2021, was due to list its widespread inventory on NYSE American below the ticker EXOD.
Exodus’ widespread inventory was set to be tokenized on Algorand, the crypto community behind ALGO, the sixty fourth largest digital asset. That might make it the one firm within the U.S. to have its widespread inventory tokenized on a blockchain.
Wall Avenue’s high regulator, the SEC, has come down arduous on the digital asset trade over the previous few years. It has sued various high American crypto exchanges—together with Coinbase and Kraken—for allegedly providing unregistered securities, and has additional warned other crypto startups that enforcement actions are coming.
Edited by Andrew Hayward
