Winklevoss twins’ Gemini is considering an IPO as soon as this year

Cameron and Tyler Winklevoss’ crypto company, Gemini, is planning to hit the stock market, according to a report from Bloomberg. The company is reportedly holding discussions with advisors on an IPO that could happen this year. Gemini operates as both a crypto exchange and a custodian. The company, known for its strict regulatory approach, has positioned itself as one of the few US-based exchanges competing with global giants Binance and Coinbase. Trump’s crypto policies ignite IPO rush The election of Donald Trump, the man who calls himself ‘crypto president,’ has lit a fire under crypto companies looking to go public. Cameron and Tyler Winklevoss were among those who backed Trump’s campaign financially. They donated more Bitcoin than legally allowed, which forced the campaign to refund the excess amount, according to Federal Election Commission filings. If they go ahead with the listing, it could serve as a test of how the public markets (under Trump) value regulated, compliant crypto platforms. Though regulatory battles are nothing new for Gemini. The company agreed to pay $5 million to settle a lawsuit with the Commodity Futures Trading Commission (CFTC) in December 2024. The regulator claimed that Gemini had provided misleading information during an attempt to launch the first US-approved Bitcoin futures contract. In the filing released in January, Gemini neither admitted nor denied any wrongdoing but agreed to the massive fine. The company also had to return at least $1.1 billion to customers last year as part of the bankruptcy proceedings for Genesis Global Capital. The case was tied to Gemini Earn, a program that promised users high returns by lending out their crypto. Regulators in New York stepped in, forcing the twins into a settlement that forced Gemini to reimburse customers. Meanwhile, Peter Thiel’s Bullish Global, another crypto trading company, is also considering an IPO this year. So is stablecoin giant Tether. Both Thiel and Tether CEO Paolo Ardoino donated to President Trump’s campaign, hoping he’d fulfill all the promises he made to the industry. Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet