Michael Novogratz revealed that Galaxy Digital’s U.S. listing process took 1,320 days and nine rounds of SEC comments, far exceeding the standard 45–90 day timeline.

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Mike Novogratz said he spent nearly four years and more than $25 million trying to take crypto firm Galaxy Digital public in the United States.

Novogratz told CNBC that a process that should take 45 to 90 days stretched out to 1,320 days. He said it took nine rounds of comments with the Securities and Exchange Commission