Galaxy’s imminent US listing reflects SEC change
Galaxy Digital is set to list in the US on the Nasdaq Global Select Market, concluding a lengthy process and supporting a trend of crypto firms pursuing public listings. The SEC has approved Galaxy's registration statement, and the company's shareholders will vote on its plan to reorganize as a Delaware holding company by May 9. If approved, the listing may finalize by the end of Q2. Having traded on the Toronto Stock Exchange since 2018, Galaxy aims to enhance its presence in the US market. Notably, the recent SEC's shift in stance, seen after Gary Gensler’s departure, has led to a more favorable environment for crypto firms seeking to go public, as observed by other companies filing for IPOs. Galaxy's progress indicates a potential increase in investment opportunities for American investors interested in cryptocurrency assets.
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