Bitcoin Foundation Chairman Brock Pierce discusses the first cryptocurrency summit at the White House at the end.
The exchange of cryptocurrencies Kracken is preparing for the initial public offering next year, according to Bloomberg.
The IPO is expected to take place during the first quarter of 2026 and comes under a pro-stave of the Trump administration for digital assets. The company, in response to Bloomberg, said it was following the best time for potentially IPO.
“We have recently discovered that the financial moments of 2024 are more transparent to our business, which is something we started by first publishing proof of reserves and we will continue to give the priority of going forward,” Crack said in Response to the Bloomberg NewsUs request. “We will follow public markets because it makes sense for our clients, our partners and shareholders.”
Kracken, one of the world’s largest crypto -exchange, will join the Coinbase likes, which is already public.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Coin | Coinbase Global Inc. | 217.45 | +3.28 |
+1.53% |
On Friday, The White House hosted the first digital asset summit Cabinet members, including Finance Secretary Scott Busent, Trade Secretary of Trade Howard Latel and Small Business Administration Kelly Lofler.
Trump celebrated the meeting by publishing X.
“” Welcome to the first White House digital summit. Last year, I promised to make America’s superpower of the world of Bitcoin world and we are taking historical activities to fulfill that promise. ” -,” he said.
The meeting followed Trump’s signing on Thursday on the executive order to Establish Bitcoin’s strategic reserve. Crypto Czar David Sacks details the benefits of the move by publishing X.
Trump’s crypto Emperor is not a strategy before Trump
“The reserve will be capitalized with bitcoin owned by the federal government that was confiscated as part of the procedure for seizing criminal or civic means. This means that it will not cost taxpayers, “he wrote. “It is estimated that the US government owns about 200,000 bitcoin; however, there has never been a complete revision. EO directs fully accounting for the federal government’s digital assets. The United States will not sell any bitcoin deposited in reserve. It will be kept as a value store.
Bitcoin, which reached $ 106,734,51 all the time in December 2024, has since ranged below $ 90,000 in the middle of sales and unstable in US shares.
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