Gemini, the crypto exchange backed by the billionaire Winklevoss twins, has confidentially filed for an initial public offering (IPO) in the U.S. The company, which has enlisted Goldman Sachs and Citigroup for the process, settled a lawsuit with the Commodity Futures Trading Commission for $5 million. This move comes after the SEC concluded its investigation into Gemini without taking any action. Gemini is not alone in its ambitions; other crypto firms like Kraken, Circle, Bullish, and Blockchain.com are also eyeing U.S. public listings. The SEC’s recent retreat from full-scale litigation has created a favorable environment for these companies to go public.
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