SEC’s New Regulations & IPO Rumor For Crypto Exchanges Have Made Banks More Interested In The Crypto Landscape

Trump’s administration has promised that it would like to take a more pro-crypto stance compared to before. This stance is not just beneficial for the industry but also helped Trump to come to power. As a result, there have been some major changes in the overall landscape of crypto and digital assets. One such innovation could be the IPO offering of crypto exchange firms.  

Given the overall landscape of the crypto community, it is natural that banks would like to get in on the innovation train. A Bloomberg report suggests that banks like Morgan Stanley, Bank of America, and Royal Bank of Canada seek crypto-based clients. This shows the overall growing interest in crypto in nationalized banks.  

What Sparked The Interest? 

The spark of interest came from sources that suggested that exchanges like Bullish and Gemini were looking to go public as IPOs. Similarly, stable coin issuers Circle and Gemini are also looking to explore IPOs as part of their expansion strategies. With the given stance of the US government and the newly structured SEC, this move might be possible. Mark T Uyeda, in a public speech, stated, “I look forward to Commissioner Peirce’s leadership as we develop regulatory policies for crypto, which will involve input from multiple SEC divisions and offices.”  

As a result, it is clear that SEC, under the leadership of Uyeda, is looking to make good on Trump’s promise to make the USA the “crypto capital of the planet.” As a result, there is a clear hint that the regulations will be looser and more conducive to more flexibility and change.  

This could change the crypto landscape as it will make it more in sync with the general commercial landscape. As a result, ushering in a more rewarding crypto ecosystem. Follow for more crypto news.