ARK Invest Believes Trump Administration Will Reopen IPO Window for US Crypto Companies

Odaily News ARK Invest said in its latest newsletter that Trump's return to the White House could allow digital asset companies such as Circle and Kraken to go public and achieve regulatory clarity. "Possibilities include reopening the initial public offering (IPO) window for digital asset companies such as Circle and Kraken," ARK Invest wrote. The company noted that potential legislative reforms, such as the Financial Innovation and Technology Act of the 21st Century (FIT21), could provide regulatory clarity for stablecoins and digital assets. In addition, the asset management company expects the end of SEC Chairman Gary Gensler's "enforcement regulation" approach, which could create a more competitive environment for cryptocurrency companies. (BeInCrypto)