CoinVoice has learned that, according to CNBC, Galaxy Digital CEO Mike Novogratz stated in an interview with CNBC that the company's process of going public on Nasdaq was very bumpy, 'feeling very un-American, unfair, and frustrating.' What should have taken 45 to 90 days was extended to 1320 days, involving nine rounds of negotiations with the U.S. Securities and Exchange Commission.
However, this ordeal did not defeat Galaxy; instead, it made it stronger. After being listed on Nasdaq, Galaxy is expected to see a 40% reduction in its costs. Mike Novogratz emphasized that Galaxy Digital's goal is to become a bridge connecting traditional finance with the crypto world, meeting the growing institutional demand. [Original link]