Gemini, the crypto exchange owned by the Winklevoss twins, has filed for an IPO with the help of Goldman Sachs and Citigroup. This comes after the SEC closed its investigation into Gemini, which lasted 699 days and cost the company millions in legal fees. The IPO could potentially happen this year. The news of the IPO comes after the White House crypto summit and President Trump's announcement of a Bitcoin national reserve. Some in the industry view the announcement as a sign of legitimacy for Bitcoin, while others see it as symbolic. The SEC's decision to drop charges against Coinbase and Uniswap also signals a shift in policy as Trump's administration seeks to deregulate the crypto industry. The end of the SEC probe clears the way for Gemini to proceed with one of the largest crypto IPOs to date. Despite the favorable crypto stance from the Trump administration, traditional financial analysts remain skeptical about the market's prospects.



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