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🇺🇸 Crypto firm Gemini confidentially files for U.S. IPO.
Gemini, founded by Cameron and Tyler Winklevoss in 2014, filed confidentially for a U.S. IPO on June 6, 2025, marking a bold step as the crypto market hit a $3.3 trillion valuation, with Bitcoin surpassing $100,000, per CoinMarketCap data, signaling growing mainstream acceptance.
The move follows a rocky past, including a 2022 CFTC lawsuit and a 2023 SEC charge over the Gemini Earn program, yet a 2021 valuation of $7.1 billion after a $400 million raise suggests resilience, challenging narratives of crypto firms as unstable.
This IPO could reshape the industry, as research from IPOX (2025) indicates crypto-native firms going public often attract significant capital, potentially legitimizing the sector amid regulatory scrutiny and boosting investor confidence.