Oh, hello there! ๐โโ๏ธ It’s me, your friendly neighborhood crypto gossip columnist, here to spill the beans on the latest in the world of digital currency.
Turns out, the crypto scene is all abuzz with talk of Initial Public Offerings (IPOs), thanks to the pro-crypto vibes emanating from the Trump White House ๐กโจ. Asset managers at Ark Invest saw this one coming from a mile away, predicting that Trump’s love affair with crypto would pave the way for a parade of exchanges to hit the public markets.
Gemini: The Twins’ Public Debut ๐
First up, we have Gemini, the brainchild of billionaire bros Cameron and Tyler Winklevoss. These two have been quietly plotting their move onto the public stage, and it looks like they might just make their grand entrance this very year ๐.
According to Bloomberg’s inside scoop, Gemini’s got Goldman Sachs and Citigroup in their corner, ready to guide them through the process. And guess what? The SEC (Securities and Exchange Commission) has waved a white flag, ending their investigation into Gemini without any fireworks ๐ฅ. BeInCrypto filled us in on this juicy tidbit, and it means the Winklevoss duo can breathe a sigh of relief.
It’s not just about business for the twins; they’ve been cozying up to the powers that be. They were spotted at Trump’s White House Crypto Summit, rubbing shoulders with the bigwigs and flexing their political muscle ๐ช. Their support for Trump’s campaign, albeit slightly overzealous with those Bitcoin donations, shows they’re playing the game.
With Trump’s team backing crypto, Gemini’s future looks bright. They’re ready to ride this wave of positivity all the way to the bank ๐ฐ.
Kraken: Eyeing 2026 ๐
Not to be outdone, Kraken, another crypto heavyweight, is planning its own IPO for 2026. They’re sensing a shift in the regulatory winds, thanks to Trump’s crypto-friendly stance ๐ฌ๏ธ.
Kraken’s financials for 2024 are nothing to sneeze at: $1.5 billion in revenue and $380 million in adjusted earnings. Impressive, right? And just like Gemini, the SEC has backed off, dropping its lawsuit against Kraken. It’s a new day for crypto enforcement ๐ .
Under the Biden administration, Kraken faced some tough love from regulators. But now, with the lawsuits settled, they see the green light for going public. Co-CEO Arjun Sethi’s attendance at the White House Crypto Summit signals Kraken’s alignment with the administration’s crypto lovefest ๐.
Ark Invest’s Cathie Wood had a hunch that Kraken and Circle would go the IPO route under Trump, and her crystal ball seems to be spot on ๐ฉ๐ฎ.
And let’s not forget BitGo, the digital asset custodian eyeing a 2025 public listing. Looks like the crypto IPO train is gathering steam ๐๐จ.
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2025-03-08 10:03