The Trump Administration Could Open the IPO Market to Crypto Firms. These Are the Companies to Watch.
President-elect Donald Trump’s promise to reverse course on President Joe Biden’s digital-asset crackdown is spurring hope that that the initial-public-offering market could soon open to stablecoin provider Circle Internet Financial, trading platform Kraken, and other firms that have said they’d like to go public. Going public through an IPO was a long shot for crypto firms during the Biden administration. The Securities and Exchange Commission under Chair Gary Gensler was slow to consider filings from companies like Circle, which first sought to go public through a merger with a special purpose acquisition company.