Gemini Explores IPO Amid Regulatory Challenges

Cryptocurrency platform Gemini is reportedly in talks with potential advisors to explore an initial public offering (IPO), potentially launching as early as this year. According to Bloomberg, unidentified sources close to the matter suggest the firm is evaluating its options for going public.

Founded by Cameron and Tyler Winklevoss, Gemini has gained attention not only for its role in the crypto industry but also for the Winklevoss twins’ history, including their well-known legal battle with Facebook’s Mark Zuckerberg. Recently, the twins made headlines for donating Bitcoin to President Trump’s campaign, exceeding the legal limit and receiving a refund for the excess amount.

The IPO talks come amid regulatory scrutiny. In June, the CFTC fined Gemini $5 million for allegedly making “false and misleading statements” to regulators. Earlier this year, the company repaid $1.1 billion to customers affected by its failed partnership with Genesis.