PANews reported on November 13 that according to BeInCrypto, ARK Invest expressed optimism in its latest newsletter that Trump's return to the White House may allow digital asset companies such as Circle and Kraken to go public and achieve regulatory clarity. ARK Invest wrote: "Possibilities include reopening the initial public offering (IPO) window for digital asset companies such as Circle and Kraken." The company pointed out that potential legislative reforms, such as the 21st Century Financial Innovation and Technology Act (FIT21), may clarify the regulatory provisions for stablecoins and digital assets. In addition, the asset management company expects that the "enforcement supervision" approach of Gary Gensler, chairman of the U.S. Securities and Exchange Commission, will end, which may create a more competitive environment for cryptocurrency companies.
ARK Invest Believes Trump Administration Will Reopen IPO Window for US Crypto Companies
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