The company has announced the twins of Winklevoss aimed at 2.22 billion dollars for the public subscription for the exchange of encrypted Gemini. press release Tuesday.
Chefo for a moment thanks to the Trump administration’s organizational policies. Meanwhile, the public subscription market heats again with great appearances of other technological stocks such as Harmonious and Figma. The two shared workers collect a special profitable environment for the shares associated with encryption and subscription subscriptions.
When the first time, Gueini will become the third encryption exchange in the United States in the United States, and join Coinbase And good. Coinbase went publicly in 2021, and Climb I was first withdrawn in August.
twin It was secretly presented for the public subscription Again in June, the company announced in a press statement on Tuesday that it plans to sell 16.67 million shares at a price ranging from $ 17 to $ 19, under the title “GEMI”. Goldman Sachs and Citigroup lead the deal.
If the market appears to be consistent with this evaluation, the Winklevoss Twins’ Crypto platform collects up to $ 317 million in the offer.
Cameron and Tyler Winkelvos founded Gemini in 2014, after years of occupying the headlines in their legal battle against Mark Zuckerberg on Facebook. They invested the money they obtained from that settlement to early bets on Bitcoin, and securing the title “Twins Bitcoin”.
The twins found themselves in Legal problems On its own on Gemini. Once again in 2022, the commodity futures trading committee submitted Civil suit 28 pages Against Gemini, claiming that she had introduced misleading data for American organizers in 2017 about whether traders can easily process the proposed future Bitcoin contract. The Gemini Bitcoin futures contract was one of the first to list digital assets. The company reached a $ 5 million settlement with CFTC in January 2025.
A lawsuit was also filed against the company by the public prosecutor in New York in 2023 One billion dollars in coded currency.
Winklevii victory
The pro -quarter organizational transformation in the United States government has led to Huge mutation In industry. Winklevoss – which sometimes passed like Winklevii – was among the encryption leaders who Great won the 2024 elections.
With the exception of the fossil fuel industry, Crypto outperforms any other individual industry over political candidates in the 2024 elections. As a result, 253 pro -Carbouto candidates were elected to the House of Representatives instead of 115 candidates to combat Creibo, and 16 candidates from Corbeto to the Senate instead of 12 candidates to combat Krembo.
The twins are supporters of President Donald Trump. Before Trump’s election, Cameron Winkelvos shared In a post on x He donated a million dollars in Bitcoin for his campaign because he “will put an end to the Biden administration war on encryption.”
The twin support prompted them to access the president’s ear, which they later used to pressure Trump to reconsider his candidate Leadership of the Justice Contracts Trading Committee.
Crypto pushes the financial current
Although he is greatly skeptical in the previously encrypted currency, Trump and his family Now you have a big stake in the game with Crypto as well. In just seven months, his administration supervised an attack from organizational measures aimed at pushing the cryptocurrency more to the financial current.
Trump Genius In the law in July, which established the first federal regulatory framework for Stablecoins, a type of cryptocurrency associated with US dollar in an attempt to reduce Crypto fluctuations.
Last month, the SEC Chairman appointed from Trump Paul Atkins launched “Crafts project,” Road Map Details of the Commission’s organizational approach.
The change in the organizational environment for coding has gathered financial aspirations for the industry, including subscription subscriptions.
Earlier this summer, Stablecoin The general subscription of the department On the New York Stock Exchange, a large investor exchange was met. Less than a month before the General subscription at Circle, Coinbase publicly, the first American encryption company to join the S&P 500, has become a landmark of the industry.
Gueini IPO is scheduled to be another victory for the popular year of the encryption industry, as is the case with all successful public subscription, drilling Crypto on its way to securing its location in the main financial world.
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