ARK Invest Believes Trump Administration Will Reopen IPO Window for US Crypto Companies
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Odaily Odaily News ARK Invest said in its latest newsletter that Trump's return to the White House may allow digital asset companies such as Circle and Kraken to go public and achieve regulatory clarity. "Possibilities include reopening the initial public offering (IPO) window for digital asset companies such as Circle and Kraken," ARK Invest wrote. The company noted that potential legislative reforms, such as the 21st Century Financial Innovation and Technology Act (FIT21), may clarify the regulation of stablecoins and digital assets. In addition, the asset management company expects that the "enforcement supervision" approach of U.S. Securities and Exchange Commission Chairman Gary Gensler will end, which may create a more competitive environment for cryptocurrency companies. (BeInCrypto)
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