ANDREW CUOMO FACES BLOWBACK AS HE PLUGS CHINESE JOINT VENTURE FOR CRYPTO - BASED STOCK EXCHANGES

What happened: Former New York Gov. Andrew Cuomo is promoting OKXICE, a tokenized stock exchange joint venture between OKX and Intercontinental Exchange, and is facing objections from companies whose shares would be listed. Key numbers: OKXICE is a 50-50 joint venture. Nine companies objected, including Cerebras Systems, AppLovin, Verizon, Broadcom and UnitedHealth. Why it matters: The pushback signals early challenges for OKXICE's broader adoption. Cuomo said he expected companies to opt out and described the SEC model as a sandbox with limits on participants and trading volume.

Former New York Gov. Andrew Cuomo is promoting OKXICE, a tokenized stock exchange joint venture between OKX and Intercontinental Exchange, and is facing objections from companies whose shares would be listed.

The pushback signals early challenges for OKXICE's broader adoption. Cuomo said he expected companies to opt out and described the SEC model as a sandbox with limits on participants and trading volume.