Across proposes converting ACX token into US C-corp equity or USDC buyout

Across has proposed dissolving its ACX token and decentralized autonomous organization into a traditional US C-corporation, offering token holders a choice between 1:1 equity conversion or a USDC buyout. The proposal has triggered a significant market reaction, with ACX trading volume surging as the token moved sharply higher. This restructuring would represent a transition from a decentralized governance model to a traditional corporate structure.