Trump’s procrypt stance could mean more industrial IPOs including Kraken
Bitcoin Foundation chair Brock Pierce is discussing the first cryptocurrency summit at the White House at The Botton Line.
Cryptocurrency Exchange Kraken is preparing for its initial public offering next year, according to Bloomberg.
The IPO is scheduled to take place in the first quarter of 2026 and will take place amid the Trump administration’s prostance on digital assets. The company has shown that it is monitoring the best time for potential IPOs in response to Bloomberg.
“We recently revealed that the financial highlights of 2024 are more transparent about our business. This started with the release of preliminary proofs and we intend to continue prioritizing what will happen next.” “We pursue the open market as it makes sense for our clients, partners and shareholders.”
Kraken, one of the world’s largest crypto exchanges, will be taking part in something like Coinbase, which is already public.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| coin | Coinbase Global Inc. | 217.45 | +3.28 |
+1.53% |
On Friday, the White House held its first-ever digital asset summit attended by Cabinet members, including Treasury Secretary Scott Bescent, Commerce Secretary Howard Luttonick and Small Business Director Kelly Loeffler.
Trump celebrated the meeting with an X post.
“”Welcome to our first White House digital asset summit. Last year I promised to make America a superpower of Bitcoin in the world. We take historical action to fulfill that promise. ”
Live Encryption Price: here
The meeting followed Trump signing Thursday with an executive order to establish a strategic Bitcoin Reserve. Crypto Czar David Sacks detailed the benefits of the move via X’s post.
Trump’s Crypto Czar Bemoans Lack of Strategy Before Trump
“This reserve will be capitalized with federal-owned Bitcoin, which has been confiscated as part of a criminal or private property confiscation procedure. This means that taxpayers will not spend a single DIME,” he wrote. “The US government is estimated to own approximately 200,000 bitcoins, but there was no full audit. EO is directing the full accounting of federal digital asset holdings. The US should not deposit Bitcoins in a protected area. They will be held as a valuable repository.
Bitcoin, which reached an all-time high of $106,734.51 in December 2024, is below the $90,000 level of selling and volatility in US stocks.
Click here to get your Fox business on the go
