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Reading: Trump’s pro-crypto stance may mean more industry IPOs including Kraken
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inkeinspires.com > Business > Trump’s pro-crypto stance may mean more industry IPOs including Kraken
Business

Trump’s pro-crypto stance may mean more industry IPOs including Kraken

MTHANNACH
Last updated: March 10, 2025 12:27 am
MTHANNACH Published March 10, 2025
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The Bitcoin Foundation’s chair, Brock Pierce, discusses the very first summit of cryptocurrency at the White House on “The Bottom Line”.

According to Bloomberg, the exchange of cryptocurrency is preparing for a first public offer next year, according to Bloomberg.

The IPO should take place during the first quarter of 2026 and intervenes in the middle of the Trump administration on digital assets. The company, in response to Bloomberg, said that it was monitoring the best time for a potential IPO.

“We recently revealed that 2024 made facts financially to be more transparent about our activities, which we started by being first to publish proofs of reserves, and we will continue to prioritize in the future,” said Kraken Response to a request from Bloomberg News. “We will continue public procurement because it makes sense for our customers, our partners and our shareholders.”

Kraken, one of the greatest exchanges of crypto in the world, would join Coinbase, which is already public.

TeleprinterSecurityLastChangeChange %
COINCoinbase Global Inc.217.45+3.28

+ 1.53%

Friday, the White House welcomed the very first summit of digital assets to which assisted by the members of the cabinet, notably the secretary of the Treasury Scott Bessent, the secretary of trade Howard Lutnick and the chief of the Small Business Administration Kelly Loeffler.

Trump celebrated the meeting via an article on X.

“” Welcome to the very first peak of digital active ingredients in the White House. Last year, I promised to make America the bitcoin superpower of the world, and we take historical measures to keep this promise. “-” He said.

Live crypto price: here

The meeting followed the signing of Trump Thursday of an executive decree to establish a strategic bitcoin reserve. Crypto Czar David Sacks detailed the advantages of the move via a post on X.

Trump’s Tsar Crypto deplores the lack of strategy before Trump

“The reserve will be capitalized with bitcoin belonging to the federal government which was lost in the context of the confiscation of criminal or civil assets. This means that this will not cost taxpayers a penny,” he wrote. “It is estimated that the US government has around 200,000 bitcoin; however, there has never been a full audit. The act directs full accounting of the federal government’s digital assets. The United States will not sell any Bitcoin filed in the reserve.

Bitcoin, which reached a summit of $ 106,734.51 in December 2024, has since derived below the level of $ 90,000 in the middle of the sale and the volatility of American actions.

Get Fox Affairs on the move by clicking here

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