Gene Hoffman, CEO of Chia Network, a crypto storage blockchain project and smart trading platform, said on Thursday that the company has made progress in its IPO. He said that Chia had secretly submitted a revised S-1 form to the SEC at the end of March after the U.S. Securities and Exchange Commission (SEC) sent a comment letter to the company. However, there is still no definite timetable for the IPO as the company hopes to wait for the right market conditions. According to previous news, Chia revealed plans to go public in April 2023, but its IPO plans have since been hindered due to the financial difficulties faced by its underwriter Credit Suisse. This led to the company laying off a third of its employees in October last year. Hoffman also said that Chia plans to launch the USDC cross-chain bridge as well as other infrastructure projects in the coming months. (CoinDesk)