Connect with us

Uncategorized

SEC Approves Crypto Wallet Maker Exodus to List on NYSE American After Denying It in May

Published

on

Crypto wallet company Exodus Movement (EXOD) has been approved to list on the NYSE American, the New York Stock Exchange’s sibling market.

Exodus, which will be listed under its current ticker at the open of trading on Dec. 18, was originally meant to be listed on NYSE American in May, but the U.S. Securities and Exchange Commission (SEC) said it was still reviewing the company’s registration.

The approval of Exodus’ uplist may be a sign of a change in the regulatory sentiment toward cryptocurrency following President-elect Trump’s victory in November’s election with the promise of running a pro-crypto administration.

«We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders,» CEO of Exodus JP Richardson said.

Exodus stock, currently listed on the OTC Markets (OTCQX), rose as much as 10.5% before pairing all of thegains.

Read More: How Trump Can Help Crypto on Day One

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Nasdaq Tells SEC Precise Crypto Labeling Will Be Everything in Future Regulation

Published

on

By

Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission’s crypto task force.

«While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets,» the letter argued in response to the invitation issued by the task force’s chief, Commissioner Hester Peirce, to weigh in on future regulations.

The four future categories of digital assets, in Nasdaq’s view, should be:

  • financial securities (tokens tied to assets that are securities under existing definitions, like stocks, bonds and exchange-traded funds (ETFS), which Nasdaq said should be treated just the same as their underlying assets);
  • digital asset investment contracts (tokenized contracts that check all the securities boxes under a «clarified version» of the Supreme Court’s so-called Howey test);
  • digital asset commodities (meeting the U.S. definition of commodities)
  • other digital assets (stuff that doesn’t fall anywhere else and shouldn’t have rules for securities or commodities imposed on it)

The securities categories belong in the hands of the SEC, which will be working with its cousin agency, the Commodity Futures Trading Commission, that will handle the commodities. Those agencies — presumably directed at some point by a new crypto law hatched by Congress — will figure out the precise border between their jurisdictions.

The letter, signed by John Zecca, the company’s chief regulator executive, argued that «digital assets that constitute financial securities must trade as they do today.»

Nasdaq also suggested that the two agencies should formulate a kind of crossover trading designation for platforms that can handle digital asset investment contracts, commodities and other types of assets under one roof.

In the letter, Nasdaq underlined its digital-asset credibility, saying its «trading and clearing services, market and trading surveillance, and central securities depository technology support digital assets platforms on six continents.» It contended that the regulators should consider imposing safety measures or further constraints on firms that want to handle investors’ activity from top to bottom, which is the common approach of existing crypto firms.

Read More: SEC ‘Earnest’ About Finding Workable Crypto Policy, Commissioners Say at Roundtable

Continue Reading

Uncategorized

Want to Have Dinner With the U.S. President? All You Would Need Is to Hold $420 Worth of TRUMP

Published

on

By

The team behind the Trump memecoin said Thursday that the top 220 holders on its list, where the smallest wallet holds $420 worth of TRUMP, are eligible to win dinner with President Donald Trump, contrary to rumors that a six-figure token stash was required.

“We want to clarify a few things people seem confused by on X and in the Media,” the team’s X account posted. “You need $300K+ to participate (You Don’t); That we’re unlocking into this competition (We’re Not).”

TRUMP surged 70% this week, trading at around $12 as of Thursday, mainly driven by hype around the so-called “Dinner with Trump” event, according to CoinDesk’s earlier reporting.

Some users on X claimed that only holders with more than $300,000 in tokens could participate. Others speculated that the wallet ranked 220 on a blockchain explorer was the minimum cutoff.

The team dismissed both claims, stating that users must register via the official leaderboard and that only time-weighted holdings during the competition will count.

Currently, the leaderboard’s top wallet, under the pseudonym “Sun,” holds over 1.1 million TRUMP tokens, worth nearly $14 million. The 220th spot was held by “HAR,” with just 35.3 TRUMP tokens, or about $420 in dollar terms.

Twenty five wallets are listed as VIPs on the leaderboard, where the cut-off holder sits on over $400,000 worth of TRUMP.

The team also addressed concerns about token unlocks affecting the leaderboard, stating that both the cliff unlock and subsequent daily unlocks would remain inaccessible for 90 days, outlasting the competition itself.

“We want to say again that the tokens from the initial cliff unlock and the following 3 months of daily unlocks will remain locked, each for an additional 90 days,” it said.

Continue Reading

Uncategorized

CoinDesk 20 Performance Update: SUI Surges 13.7% as Index Trades Higher from Thursday

Published

on

By

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2774.43, up 1.5% (+40.48) since 4 p.m. ET on Thursday.

Eighteen of 20 assets are trading higher.

9am CoinDesk 20 Update for 2025-04-25: chart

Leaders: SUI (+13.7%) and BCH (+7.1%).

Laggards: POL (-1.9%) and ADA (-0.5%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.