The news is breaking, and the cryptocurrency world is experiencing a turbulent upheaval! BlackRock, also known as Black Rock, along with other Wall Street giants such as Morningside Securities, is extremely dissatisfied with the many regulatory measures of the New York Stock Exchange and the Nasdaq Stock Exchange. They have gathered forces from all sides of Wall Street, including friends and family, and are preparing to build a new national stock exchange in Texas - the Texas Stock Exchange TX! Its CEO James Li openly declared that the exchange's headquarters will be located in Dallas, and that it has successfully raised more than $120 million in funds from individuals and large investment companies.
They plan to submit registration documents to the U.S. Securities and Exchange Commission (SEC) this year, aiming to start matchmaking transactions in 2025, hold the first corporate listing in 2026, and welcome the first listed product! Although registration documents still need to be submitted to the SEC, the mainstream market view is that with the two giants BlackRock and Citadel "escorting", there is no level that cannot be passed? Of course, in addition to dissatisfaction with the complicated rules of existing exchanges, another important reason for the creation of exchanges is the geographical changes in the U.S. corporate landscape. Now many large companies have moved their headquarters to Texas for better tax rates or a friendlier regulatory environment. Now the number of Fortune 500 companies in Texas is on par with New York, and American Airlines and others are rooted in Texas. The new exchange also claims to be more friendly to CEOs and will not easily increase compliance costs like Nasdaq and NYSE, but will focus on fully electronic trading to provide companies in the United States and around the world with a simpler and more convenient listing channel.
So what does this have to do with cryptocurrency? It turns out that a key character in the story, Underwriting Securities, has long had ambitions in the field of cryptocurrency. In June 2023, it joined forces with Fidelity, Charles Schwab and other bigwigs to establish the EDX exchange, which specializes in providing trading services for mainstream currencies such as Bitcoin and Ethereum to retail brokers. Their products never touch those altcoins that are recognized as securities by the SEC, nor do they directly control customer funds. They only provide a buying and selling market, allowing investors to place orders through brokers, just like traditional stocks. This series of actions will undoubtedly have a huge impact on the currency circle. The future situation in the currency circle will become more confusing, and it is worth waiting for!
#币安合约锦标赛 #非农就业人数高于预期
Like + follow, let's explore the infinite possibilities of the world of cryptocurrency together! We will continue to update you with hot news, unique views, rigorous logic points and the latest airdrop information, so that you can always keep up with the times and not miss any important content
