Gemini, a New York-based cryptocurrency exchange, has announced its plan to go public by filing a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). This decision follows the recent successful IPO of Circle, the issuer of USDC, which saw its shares quadruple on their first day of trading on the New York Stock Exchange. The Winklevoss twins, who co-founded Gemini, are known for their significant investments in cryptocurrencies, contributing to their wealth. The positive market reception of Circle's IPO has prompted various crypto companies, including Gemini, to consider public listings, particularly with a more favorable regulatory environment under the current U.S. administration. Despite potential challenges from ongoing regulatory scrutiny in the crypto space, Gemini's move signifies optimism and interest in expanding within the rapidly evolving cryptocurrency market.

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