Galaxy Digital: Nasdaq Listing and $200M Settlement

Galaxy Digital is making moves. Big ones.

TL;DR
- Galaxy Digital got SEC approval to shift its base to Delaware, eyeing a Nasdaq listing. It's like moving house, but with more lawyers. ๐Ÿ›๏ธ
- They settled with New York for $200 million over the Luna mess. Ouch. But onwards and upwards, maybe?

Mike Novogratz is pleased. Naturally. Nasdaq listing? More investors. Delaware? Less hassle. Shareholders vote in May. Assuming they say yes, Galaxy trades soon after. Simple, right? Famous last words.

Then there's the $200 million settlement. Luna went boom. $UST went with it. Galaxy got caught in the blast. Costly lesson. Crypto's wild west has rules, turns out. Who knew? ๐Ÿคทโ€โ™‚๏ธ

Toronto needs to sign off too. More hoops. Expected by mid-May. Crypto's volatile, sure. But this? Relatively stable. Odd, isn't it? Stability in crypto. Like finding a decent cup of coffee in London. Rare, but welcome. This isn't just Galaxy. It's crypto growing up. Slowly. Painfully. SEC's watching. Rules are coming. Like being grounded. Annoying, but maybe good? Nasdaq will be the test. Can they play nice? Time will tell. They cleared a hurdle. A big one.

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