Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Goldman Sachs, JPMorgan Chase eye cryptocurrency clients for IPO opportunities after Trump's election
2024-11-06 14:01
Odaily News Investment bankers at Wall Street’s biggest firms, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley, have been meeting with cryptocurrency executives in hopes of getting exposure to lucrative initial public offerings that could come after the election, according to industry insiders. The new enthusiasm reflects optimism about improved market and regulatory conditions following Donald Trump’s victory in the U.S. presidential election, which could pave the way for companies such as Kraken, Fireblocks and Chainalysis to go public. Bankers’ appetite for meetings is also a departure from much of the past two years, when many investment banks viewed cryptocurrency companies as too risky to do business with, advisers said.