After Circle, Gemini also submitted IPO documents, and there are several others waiting to go public in the U.S. stock market, including Bitgo, Kraken, and Blockchain. The relaxation of regulations has completely opened the channel for crypto companies to enter the U.S. stock market, and Circle's popularity is likely making others envious. While cryptocurrency stocks are thriving, the crypto market is sluggish, and Circle's two-day rise still can't lift the market sentiment. There is still a bit of a disconnect.