Gemini has filed a confidential draft S-1 with the Securities and Exchange Commission (SEC), marking a step towards its initial public offering (IPO). This filing comes shortly after Circle's successful IPO, which debuted at $31 per share and saw its stock price surge to $83 by the following Thursday. Industry experts suggest that the positive market reaction to Circle's IPO may encourage other crypto firms, like Gemini, to expedite their public listings. The Winklevoss twins, founders of Gemini, had indicated plans to go public as early as this year and are known for their support of pro-crypto regulations in the U.S. While Gemini did not immediately respond to requests for comments on the filing, the company is optimistic about advancing its IPO once the SEC's review process is complete.

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