Exodus CEO Frustrated by SEC’s Delay in Listing
Exodus Movement, Inc. (Exodus), a crypto company, is experiencing a delay in its listing on the NYSE American as it awaits completion of the SEC’s review of its registration statement. The SEC’s review began on April 28, and until it is completed, Exodus’ transition from the OTCQX to the NYSE American will be put on hold. This delay has significant implications for Exodus, as it could affect the company’s visibility and potential growth in the financial market.
Exodus CEO, JP Richardson, expressed surprise and confusion at the delay, emphasizing that the company has been transparent and responsive throughout the regulatory process. Richardson hopes for a swift resolution and assures customers and shareholders that Exodus will continue to provide the best possible service. He also mentioned that employees and their families had gathered in New York City to celebrate the listing, making the delay even more frustrating for them.
Exodus has stated that it may reconsider its decision to list on the NYSE American after the SEC’s review, depending on the outcome. Stockholders are advised not to take any action at this time. Crypto personality Lark Davis commented on the situation, suggesting that the SEC may take legal action against Exodus. While this comment may be satirical, it highlights concerns within the crypto community.
Concerns have been further heightened by the recent vote by the United States House of Representatives to nullify the SEC’s anti-crypto banking guidance, known as SAB 121. The bipartisan bill, called H.J.Res.109, was passed on May 8 and raised concerns about the tension between financial institutions and regulatory entities as the crypto market attempts to enter traditional finance.
The delay in Exodus’ listing on the NYSE American is causing frustration and uncertainty for the company. The outcome of the SEC’s review is eagerly anticipated, as it will determine the path forward for Exodus and potentially impact the broader crypto market’s efforts to integrate with traditional finance.
14 thoughts on “Exodus CEO Frustrated by SEC’s Delay in Listing”
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This delay is seriously affecting Exodus’ plans and growth.
This situation reflects poorly on Exodus’ management. 🤦♀️
Lark Davis’s comment about potential legal action is concerning, but let’s hope it’s just a satirical remark.
The recent bipartisan bill passing raises some important questions about the tension between financial institutions and regulators. Let’s see what impact it has on the crypto market.
Exodus should have prepared better for this listing.
The uncertainty caused by this delay is damaging for potential investors.
The SEC’s review outcome is eagerly anticipated by the whole crypto community. It’s a crucial moment that could shape the future of Exodus and the broader market.
I’m optimistic about Exodus’ future, regardless of the current delay. Their dedication and resilience will surely lead them to great success.
I’m looking forward to Exodus’ listing on the NYSE American once the SEC’s review is complete. Exciting times ahead for the company and the crypto industry!
The SEC needs to speed up their review process.
Such a frustrating delay for Exodus! I hope the SEC finishes their review soon so that their listing on the NYSE American can proceed smoothly.
Maybe Exodus isn’t as transparent as they claim to be. 🕵️♂️
Will Exodus reconsider listing on the NYSE American? This delay is making it more likely. 🤔
It’s disappointing to see the SEC’s review causing this delay for Exodus. I hope they can resolve it quickly to minimize any negative impacts.