Bitcoin wallet software company Exodus Movement is “surprised, confused and extremely disappointed” after the Securities and Exchange Commission (SEC) moved to postpone the company's plans to list on a U.S. stock exchange. ”
Yesterday, the SEC postponed the listing of crypto companies on the New York Stock Exchange's sibling market, the NYSE American, according to Exodus.
“Today, the SEC made a surprising last-minute decision to delay Exodus’ listing on the NYSE American.”Exodus Said on Twitter (aka X) late Wednesday.
“While we are deeply disappointed, Exodus will continue to enable customers around the world to manage their wealth using our best-in-class self-custodial crypto wallet,” the company said in a statement. The statement reads:
“We are surprised and confused by this last-minute decision, but we are confident that the SEC will keep its promise to treat us as the law intends,” Exodus CEO JP Richardson said in a public statement. I look forward to it.”
Exodus, which provides self-custodial software wallets for many cryptocurrencies, declined further comment and responses. Decryption's question.
The company had planned to go public in 2021, listing its common stock on the NYSE American under the ticker EXOD.
Exodus' common shares were to be tokenized on Algorand, the crypto network behind ALGO, the 64th largest digital asset. This would make the company the only company in the U.S. to tokenize common stock on the blockchain.
The SEC, Wall Street's top regulator, has been harshly criticizing the digital asset industry in recent years. The company is suing several major U.S. cryptocurrency exchanges, including Coinbase and Kraken, for allegedly offering unregistered securities, and has threatened to take enforcement action against other crypto startups. Further warning.
Edited by Andrew Hayward
