Exodus Submits Response to SEC Amid Public Listing Delays
Discussion continues regarding potential regulatory changes favoring cryptocurrency following the election. The software wallet Exodus exemplifies how an SEC overhaul could impact industry operations.
Exodus faced a public listing delay in May, prompting CEO JP Richardson to express confusion over the decision, emphasizing the company’s transparency with the SEC.
Elliot Chun of Architect Partners attributed the delay to the SEC's lack of a clear framework and its aggressive enforcement strategy against crypto firms. An SEC representative stated that the agency does not comment on individual cases.
Richardson has shown support for Donald Trump, indicating he shared Exodus's narrative with him. Veronica McGregor, Exodus's legal chief, mentioned her involvement in efforts to engage with political figures regarding cryptocurrency policy and expressed optimism about collaborating with the upcoming administration. She emphasized the need for a shift in regulatory attitudes towards new technologies.
Exodus has responded to the SEC's latest comments and is awaiting further instructions. Richardson acknowledged that while reforms under Trump's administration are expected to begin within the first year, they will not happen immediately.