Winklevoss twins envisage ipo crypto $ 2.22 billion

The Winklevoss twins target an IPO of $ 2.22 billion for their cryptocurrency exchange Gemini, the company announced A press release Tuesday.

Crypto has a time thanks to lax regulatory policies of the Trump administration. Meanwhile, the stock market IPO healed again with the SPLASHY beginnings of other technological actions like Chime and Figma. The two combined factors constitute a particularly profitable environment for stocks and stock exchange linked to the crypto.

At the beginning, Gemini will become the third exchange of Crypto listed in the United States, joining Coinbase and Haussier. Coinbase became public in 2021, and Bullish made his successful debut in August.

Gemini confidentially deposited for a stock exchange on In June, and the company announced Tuesday in a press release that it planned to sell 16.67 million shares at a price range from $ 17 to $ 19, under the Ticker “Gemi”. Goldman Sachs and Citigroup direct the agreement.

If the market seems to agree with this evaluation, the cryptographic platform of the Twins Winklevoss could raise up to $ 317 million in the offer.

Cameron and Tyler Winklevoss founded Gemini in 2014, years after making the headlines of their legal battle against Mark Zuckerberg on Facebook. They invested the money they obtained from these regulations in the first Paris on Bitcoin, guaranteeing the nickname “Twins Bitcoin”.

The twins found themselves in legal disturbances of their own Gemini. In 2022, the Comedity Futures Trading Commission filed A 28 -page civil prosecution Against Gemini, saying that he made misleading statements to American regulators in 2017 to find out if his proposed Bitcoin contract could be easily manipulated by traders. Gemini’s Bitcoin’s term contract at the time was one of the first to list digital assets. The company reached a regulation of $ 5 million with the CFTC in January 2025.

The company was also prosecuted by the Prosecutor General of New York in 2023 for an alleged 1 billion dollars cryptocurrency fraud.

A victory for the Winklevii

Pro-Crypto regulatory change in the US government has led to A huge boom in industry. The Winklevoss twins – have sometimes been referred like Winklevii – among the cryptographic leaders who won big with the 2024 elections.

With the exception of the fossil fuels industry, Crypto exceeded any other unique industry on political candidates during the 2024 elections. Consequently, 253 pro-Crypto candidates were elected to the House of Representatives as opposed to 115 anti-Crypto candidates, and 16 pro-Crypto candidates were elected to the Senate as opposed to 12 anti-Crypto candidates.

The twins are supporters and supporters of President Donald Trump. Before Trump’s election, Cameron Winklevoss shared In a post on x That he donated $ 1 million in Bitcoin to his campaign because he “would end the Biden administration war against the crypto”.

The support of the twins obtained them access to the president’s ear, which they used later to support Trump to reconsider his candidate Directing the Commitoy Futures Trading Commission.

Crypto pushes in the dominant financial current

Despite being strongly skeptical about cryptocurrency before, Trump and his family Now also have substantial participation in the game with Crypto. In just seven months, his administration supervised an attack on regulatory actions intended to push cryptocurrency further in the financial current.

Trump signed the Genius In July, which established the first federal regulatory framework for Stablecoins, a type of cryptocurrency which is set to the US dollar in order to slow down the notorious volatility of crypto.

Last month, the president of the sec appointed by Trump, Paul Atkins, launched “Project crypto”, “ A roadmap detailing the Commission Pro-Crypto regulatory approach.

The change in the regulatory environment of the crypto has encouraged the financial aspirations of the industry, including the IPOs.

Earlier this summer, Stablecoin Company IPO of the circle On the New York Stock Exchange has met with great interest to investors. Less than a month before the IPO of Circle, Coinbase listed on the stock market has become the first American crypto company to join the S&P 500, marking a huge stage for industry.

The IPTRIFORM on Gemini should be another victory for the successful year that the cryptographic industry has, as for each successful IPO, the Crypto is more deeply committed to securing its place in the consumer financial world.