2024 Bitcoin 
$88,102 At his conference, Donald Trump promised to make the United States the “crypto capital of the world” and announced that SEC Chairman Gary Gensler would be removed from office. As Trump prepares to become the country’s 47th president with his victory last week, the crypto community expects positive changes in the regulatory environment.
Public Offering Opportunities Will Increase
Lumida Wealth CEO Ram Ahluwalia stated in the Bits + Bips podcast episode that the IPO market will open. In particular, stablecoin issuer Circle and blockchain analysis firm Chainalysis have the potential to go public, Ahluwalia said. Circle filed for an IPO with the SEC in January, and CEO Jeremy Allaire said they remain committed to going public.
Chainalysis is among the companies deemed suitable for IPO in 2022 with a value of $ 8.6 billion. However, company officials have not commented on IPO plans at this time. Other potential IPO candidates include crypto exchange Kraken, custodian Fireblocks and trading platform eToro.
IPOs Are Not Suitable for Every Company
Quynh Ho, GSR’s head of venture capital and corporate development, emphasized that the IPO process is not suitable for every company. “A company must have stable profitability and be able to accept the obligations of going public,” Ho said.
“IPO is a challenging process that is not suitable for every business.” -Quynh Ho.
Baker & McKenzie attorney Karl Egbert noted that a more crypto-friendly SEC would reduce regulatory risk for some firms. “Reducing regulatory risk will make it easier for some traditional crypto infrastructure companies to consider IPO,” Egbert said.
Companies such as Anchorage Digital and NYDIG are among the suitable candidates for IPO with their stable structures. Anchorage Digital reached a valuation of approximately $3 billion in March 2023, while NYDIG had a valuation of $7 billion in 2021. The listing of crypto companies on the US stock exchange, along with public offerings, will lead to the creation of a kind of global crypto market there.
Finally, IPOs are expected to increase in the crypto sector after Trump’s victory. However, experts state that only some companies can benefit from this process and not every company is suitable for going public. Stability, regulatory compliance and growth potential of crypto companies are among the critical factors for a successful IPO.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
