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SEC Approves Crypto Wallet Maker Exodus to List on NYSE American After Denying It in May
Exodus will list under its current ticker on NYSE American at the open of trading on Dec. 18
Updated Dec 17, 2024, 2:44 p.m. Published Dec 16, 2024, 6:33 p.m.
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What to know:
- Exodus Movement has been approved to list on the NYSE American, the New York Stock Exchange's sibling market.
- Exodus, which will list under its current ticker at the open of trading on Dec. 18.
- The company was originally meant to be listed on NYSE American in May, but the U.S. SEC said it was still reviewing its registration.
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.
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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 the gains.
Read More: How Trump Can Help Crypto on Day One
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What to know:
- U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets.
- Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies.
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