Bitcoin wallet software company Exodus Movement said it was “surprised, confused and deeply disappointed” after the Securities and Exchange Commission (SEC) moved to delay the planned company listing on a US stock exchange.
Yesterday, the SEC postponed the crypto company’s listing on the NYSE American, the New York Stock Exchange’s sister market, according to Exodus.
“Today, the SEC made a surprise last-minute decision that delays the listing of Exodus on the NYSE American,” Exodus he said on Twitter (aka X) on Wednesday.
“While we are deeply disappointed, Exodus will continue to empower customers around the world to control their own wealth using our best-in-class self-custodial crypto wallet,” the company’s statement reads.
In an official statement, Exodus CEO JP Richardson said, “While we are surprised and confused by this last-minute decision, we remain hopeful that the SEC will fulfill its commitment to treat us as the law intends.”
Exodus, which offers a self-custodial software wallet for a range of cryptocurrencies, declined to comment further and responded to Decryptquestions.
The company, which went public in 2021, was due to the list its common shares on the NYSE American under the ticker symbol EXOD.
Exodus common shares were set to be tokenized in Algorandthe cryptographic network behind SOMETHING, the 64th largest digital asset. This would make it the only company in the US to have its common shares tokenized on a blockchain.
Wall Street’s top regulator, the SEC, has come down hard on the digital asset industry in recent years. It has sued several major American crypto exchanges – including Coinbase and Kraken – for allegedly offering unregistered securities, and further warned other crypto startups what enforcement actions are coming.
Edited by Andrew Hayward
Stay up to date with crypto news, receive daily updates in your inbox.
Fuente
