The reversal comes after Galaxy had initially won a dismissal of the lawsuit in June 2023 in a lower court.
With regulation loosening and crypto prices rising, the window for crypto companies to go public is beginning to open. Our crypto IPO database will track the crypto-focused companies most likely to IPO in 2024/2025.
You may be wondering why the SEC is making a sudden pivot just days before the deadline. And the answer is as clear as day: It’s all political. It’s to sway votes.
Sure, Bitcoin is here to stay, but how does one make a directional yet risk-averse bet on the other approximately 20,000 crypto-assets in existence?
Between Elizabeth Warrens “anti-crypto army” and the SECs Gary Gensler’s regulation-by-enforcement, the crypto community is slowly being pushed farther and farther into the arms of Trump and the Republican party.
The diversified digital asset company reported that revenue was $259.73 million for the first quarter, an increase of 77% YoY.
This marks a big improvement from previous estimates in October, which predicted only a 90% payout. But still, not everyone is stoked.
Robinhood’s (HOOD) digital assets arm, Robinhood Crypto, announced that it received a Wells Notice from the SEC.
Share prices of Ether Capital are up ~30% on the news.
The recent events represent a serious warning to those operating outside the great sphere of surveillance.
While the company hasn’t specifically stated that they are pushing for an IPO (they say both public and private market fundraising is on the table), we can’t help but predict one is on the way…
