Gemini Eyes IPO After SEC Drops Investigation

Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, is reportedly preparing to go public through an initial public offering (IPO).

Sources cited by Bloomberg indicate that the company is working with major investment banks, including Goldman Sachs and Citigroup, though discussions remain ongoing and no final decision has been made.

An IPO would allow Gemini to list shares on a stock exchange, a process typically managed by investment banks.

The move comes shortly after the U.S. Securities and Exchange Commission (SEC) closed its investigation into the platform. In a letter to Gemini’s legal team, the SEC confirmed it would not pursue further enforcement actions.

Cameron Winklevoss called the regulator’s decision a significant moment, suggesting it marked the end of the SEC’s broader crackdown on crypto.

However, he criticized the agency for the financial and operational toll, stating that Gemini had incurred massive legal expenses and suffered substantial setbacks in productivity and innovation.