Gemini, the New York-based cryptocurrency exchange, announced plans to go public by filing a draft registration statement with the SEC for an initial public offering (IPO). This move comes a day after Circle, the issuer of USDC, made a successful debut on the New York Stock Exchange, with its stock (CRCL) nearly quadrupling its initial offering price. The Winklevoss twins, who run Gemini, have been prominent figures in the crypto space since their early investments in Bitcoin. The announcement reflects a broader trend among cryptocurrency companies seeking to capitalize on favorable market conditions under the new administration, which is perceived as being more supportive of the crypto industry. The CEO of Circle noted the strong investor interest in their IPO as indicative of significant market potential for crypto-based businesses during this period of regulatory flexibility.

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