Regulation· ★★★· neutral·

Centralized exchanges shun legacy tokens without explicit SEC immunity

  • —Vault12 sold VGT tokens for $17.45 million in 2018
  • —The project says it met or dropped every promise
  • —VGT has never traded on a centralized exchange
  • —Exchanges want explicit SEC immunity before listing
Why it matters: Without clear SEC rules, legacy tokens risk staying illiquid, hurting investors from the ICO era.
Source: CoinDesk
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