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Why centralized exchanges refuse to list legacy crypto tokens without explicit SEC immunity

CoinDesk·October 21, 2026·1 min read
Why centralized exchanges refuse to list legacy crypto tokens without explicit SEC immunity

Vault12 raised $17.45 million selling VGT in 2018 and claims it met or dropped every promise, yet the token has never traded on a centralized exchange. This highlights the reluctance of centralized exchanges to list legacy crypto tokens without explicit SEC immunity.

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