Galaxy Digital has received approval from the US Securities and Exchange Commission (SEC) to redomicile in the United States, which is a crucial step towards its anticipated listing on the Nasdaq stock exchange. This transition involves incorporating the company in Delaware, recognized for its favorable business regulations. Shareholder approval, obtained during a special meeting on May 9, is also necessary before proceeding with the Nasdaq listing under the ticker symbol GLXY. This development coincides with a rising trend of cryptocurrency firms seeking to enter traditional financial markets as institutional interest in digital assets increases. Additionally, several other crypto entities like Coinbase and Circle are exploring opportunities to list on major US exchanges, suggesting a trend where the lines between traditional financial institutions and crypto firms are increasingly blurred. As crypto matures, regulatory frameworks are also evolving to accommodate these changes.

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