TXSE ‘upstart’ stock exchange could become a crypto-friendly challenger

While there are many challenges for a new stock exchange in the U.S., many observers are optimistic about what it could mean for the crypto industry.

The United States is fracturing politically and culturally into “red states” and “blue states,” so why should stock-listing exchanges be any different?

Rumors had been circulating for months about an “upstart, ‘anti-woke’” stock exchange launching in Texas, according to The Wall Street Journal — and recently, the rumors came to fruition.

TXSE Group announced plans on June 5 to launch the Texas Stock Exchange (TXSE), headquartered in Dallas. Importantly, the venture has already raised $120 million in capital from BlackRock and Citadel Securities, among others.

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