The encrypted currency and platform leadership leadership, Gemini appointed a new financial manager to Dan Chen. It was announced via Chen X. Former Twitter account on Monday, March 17, 2025.
Before joining Gemini, Chen was Vice President of Capital Markets and banking partnerships at Enjip, a leading American technical company that provides financial services to shoppers and merchants.
According to Lashn, he managed to increase access to guaranteed financing to $ 20 billion. Adding it to Gemini indicates many of the coming things, especially rumors of an imminent initial offer (IPO).
In this announcement, Chen said: “I look forward to Gemini on a large scale by leading the financial strategy with the company entering the next stage of growth.”
I am pleased to announce that I joined @twin As a financial manager. I will work alongside Cameron and Tyler The amazing team in Gemini to open the next era of personal, financial and creative freedom.
Crypto is the most dynamic sector in financing …
Dan Chen (@danchen13) March 17, 2025
Reports on the imminent Gemini subscription
The cryptocurrency company, led by the billionaire pair of Twinkvoss Twins, was in the news earlier this month with reports on them BloombergAnd that claimed that the information was shared by people close to this issue. The News Outlet reported that Gemini works with Citigroup Inc. And Goldman SACHS Inc. To accomplish the offer.
in A report in FebruaryThe founders mentioned that they were weighing the option of public subscription. This also comes out of the background of closing the investigation into the Supreme Education Council, which is what According to Cameron Winsvos in a postClosed with no procedure. However, the Supreme Education Council said that the notification should not be explained as compensation or that no result is taken as a result of the investigation of the SEC.
Organizers and litigation
With the highlight of the CEC investigation, Cameron said: “The Supreme Education Council cost us tens of millions of dollars of legal bills alone and hundreds of millions of lost productivity, creativity and innovation. Of course, Gemini is not alone.”
He added that SEC behavior caused a huge loss of economic growth in America.
However, Gemini had to pay 5 million dollars in the settlement In a separate lawsuit with the CFTC Futures Trading Committee, which was submitted due to false and misleading data or deleting these facts when it sought to launch a bitcoin future contract in 2017.
This is not the first Gemini brush with the law as organizers in the Ministry of Financial Services in New York (NYDFS) $ 1.1 billion for customers From the involved lending program and also a fine of $ 37 million to NYDFS. This was because of his lending program, Gemini Conse, which was running in partnership with Genesis Global Capital, a coding lender. The program was disrupted during the collapse of the encryption market for the year 2022, which led to the announcement of the bankruptcy travel.
However, the organizers came and announced that Gemini bears responsibility and pays users of a profit program.
Gemini and other stakeholders are connected to encryption at the White House
Winkefos Bracez are also well -known Republicans and supporters of President Donald Trump. The brothers donated heavily on his campaign and were part of a few executives and heads of agencies who attended The top of digital assets in the White House.
The Trump administration adopted Chefir, as the president announced plans to create a national reserve for Bitcoin, after Mimikoin Trump launched earlier in the year. It is not strange that the regulatory system has preferred those in the encryption space, on the contrary, during the era of President Biden.
This is what some analysts call them the golden age of encryption, with other companies such as Bullish, Kaken and Circle all hints of public subscriptions in the future.
This is not the first case of the Co -IPO, as Coinbase did in 2021, but in a little unconventional way.
With the fortune of Chen in the leadership of companies to the public subscription, it is not difficult to see how his experience in the public subscription that seems likely to be likely to be likely to the future of Gemini and perhaps for other encryption companies as well.
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