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

CoinDesk· Francisco Rodrigues· Oct 21, 2026 · 12:12 PM
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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