Why centralized exchanges refuse to list legacy crypto tokens without explicit SEC immunity
Vault12 raised $17.45 million selling VGT in 2018 and says it met or dropped every promise, yet the token has never traded on a centralized exchange.
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Summary
- Vault12 says exchanges want assurance the SEC won’t later challenge a token’s exit from securities rules before listing it.
- The firm raised $17.45 million selling VGT in 2018 and says it met or dropped every promise, yet the token has never traded on a centralized exchange.
- Vault12 wants filings to become conclusive if the SEC doesn’t object within 60 days, a fix it says would give exchanges certainty to list.
