According to PANews, Exodus Movement, a cryptocurrency wallet provider, announced on Wednesday evening that it will not be listing on the NYSE American, a sister market of the New York Stock Exchange, as planned on Thursday. The New York Stock Exchange's American company informed Exodus on Wednesday that the U.S. Securities and Exchange Commission (SEC) staff are still reviewing Exodus's registration statement, which the company said took effect at the end of April. The press release on Wednesday stated that 'once the U.S. Securities and Exchange Commission staff complete their review of the registration statement, the company may reconsider listing on the New York Stock Exchange at a future date.'
Exodus CEO JP Richardson expressed surprise and confusion about this last-minute decision in a statement on Wednesday. He said, 'We still hope that the U.S. Securities and Exchange Commission will be able to fulfill its promise and treat us in accordance with the law. Exodus has been completely transparent and responsive throughout the process, and we hope this matter can be resolved quickly.'
