Galaxy Digital Nasdaq Listing Grows More Likely as Crypto Gains Political Support in US
CryptoNewsTerminal Staff04 Jun, 2024
Galaxy Digital Nasdaq Listing Grows More Likely as Crypto Gains Political Support in US
Galaxy Digital (GLXY) is increasingly likely to list on the Nasdaq stock exchange as the cryptocurrency market rebounds and US policymakers become more supportive of digital assets, according to a report from investment bank Benchmark. The report, cited by CoinDesk, highlights the recent bipartisan passage of the 21st Century Financial Innovation and Technology Act as evidence of improving political sentiment towards cryptocurrencies. This, the report says, could not only enhance Galaxy's US operating outlook but also make a Nasdaq listing more feasible. Galaxy Digital is also working to become a broker-dealer registered with the US Securities and Exchange Commission (SEC), which would put it in direct competition with Coinbase (COIN), according to the report.
