It is said that the Crypto exchange platform established in the US will be in 2025 after the pursuit of a first public offer (IPO).
According to a new report By Bloomberg say anonymous people who are familiar with the business, say that the crypto company of the billionaire Winklevoss Twins is considering launching an IPO somewhere this year.
An IPO is when a company sells shares of its own shares to the public for the first time as a means to raise money. Although the conversations are still underway, no fixed decisions have been made, people said according to the report.
Earlier this year, Tyler and Cameron Winklevoss came in to pay the US Commodity Futures Trading Commission (CFTC) a fine of $ 5 million to put an end to the lawsuit of the regulatory authority against them after being charged for alleged false or incomplete statements.
The Winklevoss’ consider launching the IPO, while President Donald Trump reforms the regulatory crypto landscape of the regulations through executive actions.
The twins – That once referred to former American Securities and Exchange Commission (SEC) Chairman Gary Gensler as a bad man with “Sociopathic ambition” – Heavy donated to the Trump campaign and noted that Kamala Harris would have been disastrous for the industry. At that time it was reported that the twins sent $ 1 million to Bitcoin (BTC) to the Trump campaign.
Gensler resigned from his post a day before Trump was inaugurated.
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Featured image: Shutterstock/Aleksandr Kukharskiy
