Several venture capitalists believe that leading crypto companies in the US may soon be able to go public through initial public offerings (IPOs), regardless of the outcome of the US Elections. Companies such as Circle Internet Financial, Kraken, Fireblocks, Chainalysis, and eToro are reportedly considering going public in the next one or two years. Circle has reportedly sent a confidential IPO plan to the US SEC in January 2024. The tough regulatory approach of the current SEC Chairman Gary Gensler has hindered crypto IPOs, but industry veterans believe that the post-election environment will be more favorable for potential crypto IPOs. While Trump could push the SEC towards a pro-crypto stance, Harris might bring in more moderate crypto regulation. Despite the challenges, venture capitalists may consider the IPO route as Bitcoin reaches all-time highs and risk appetites return.
- Content Editor ( cryptonewsz.com )
- 2024-10-23
Crypto Industry’s IPO Challenge May End After US Elections