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- Gemini plans to go public as the SEC ends its investigation and crypto firms explore IPO opportunities in the U.S.
- Regulatory shifts create a better market for crypto IPOs with Kraken and other firms also planning public listings.
- The Winklevoss twins push for Gemini’s expansion as legal pressures ease and crypto adoption grows.
The cryptocurrency exchange Gemini has confidentially filed for an initial public offering. The company was founded by Cameron and Tyler Winklevoss. Gemini is working with Goldman Sachs and Citigroup on their listing process. If the IPO is finalized it could take place later this year. The listing timeline or structure of the IPO has not been decided.
The decision was made after the U.S. Securities and Exchange Commission concluded its investigation into Gemini without taking any enforcement action. The company also settled a $5 million lawsuit with the Commodity Futures Trading Commission in January.
Regulatory Relief Paves the Way for Crypto Listings
The SEC’s investigation into Gemini began nearly two years ago. The primary concern was whether the firm’s "Earn" program violated securities laws by offering unregistered securities. The program allowed users to lend their cryptocurrency in exchange for interest. Regulatory scrutiny had previously stalled Gemini’s expansion plans.
Following the SEC’s decision, other crypto firms have shown renewed interest in going public. The commission has also dropped or paused cases against major industry players, including Uniswap, Robinhood, OpenSea, the Tron Foundation, and Justin Sun. Recent legal shifts have encouraged several firms to consider public listings in the U.S. market.
Crypto Firms Eye Market Entry
Gemini is not the only crypto company planning an IPO. Kraken is preparing for a public listing by the first quarter of 2026. Other firms, including Circle, Bullish, and Blockchain are also exploring opportunities for U.S. market entries.
The Winklevoss twins have positioned Gemini as a secure and regulated crypto exchange. They have also advocated for a strategic Bitcoin reserve. The Winklevoss twins involvement in the White House’s Digital Assets Summit demonstrates the growing influence of crypto leaders in shaping policy.
The U.S. market is becoming more favorable for cryptocurrency firms seeking public listings with the current regulatory environment. The future holds promising growth for initial public offerings as cryptocurrency adoption grows across the industry.
