Kraken finally moles. The Crypto Exchange, officially known as Payward Inc. plans. , The audience in the first quarter of 2026, according to the Bloomberg report on Friday after the White House encryption summit.
After years of delay, mostly due to the organizational campaign, the company benefits from the friendly climate during President Donald Trump.
“We recently revealed the most prominent Mali 2024 that they are more transparent about our business, and this is something we started by publishing evidence of reserves, and we will continue to determine the priorities of moving forward.” “We will follow the public markets because it makes sense for our customers, partners and shareholders.”
The organizers retreat when Karakin moves forward
Kraken was looking for public subscription for years, but the American organizers under the leadership of Joe Biden slowed down things. The Securities and Stock Exchange Committee (SEC) has set the company with lawsuits, claiming that it works as an exchange exchange of unregistered securities, the mediator and the merchants.
In November 2023, SEC filed a lawsuit against Kraken again on Crypto Staking services, describing illegal sales of securities. The company stabilized, paid 30 million dollars, closed in the United States
Now, things turned. On March 3, Kraken said that the Supreme Education Council had agreed to drop the lawsuit, without any recognition of error, non -penalties, and no changes in business. The Supreme Education Council refused to comment, but this is part of a larger direction. Last month, the agency fell or stopped at least nine encryption cases, including lawsuits against Coinbase and Binance.
SEC’s sudden reflection began after Gary Ginserler stepped down as a president in January. Trump pledged to release him and replace him with Paul Atkins, former SEC Commissioner with a supportive position. Mark Oida deals with the role until Atkins is confirmed.
Trump’s effect on the encryption market is literally unprecedented. His supportive campaign and winning the Bitcoin elections helped at the highest new level ever on the opening day, although it later decreased by 28 % due to the customs tariff. He also set a meeting with 24 encryption commanders, including Krakeen Co-Co-COONJUN SETHI, at the White House on Friday.
The recent increase in the Crypto market has paid Kraken’s revenues to $ 1.5 billion in 2024, more than twice the previous year. The modified profits amounted to 380 million dollars. For comparison, Coinbase 6.6 billion dollars of revenues achieved during the same period.
Kraken is now the biggest exchange through trading, according to Coinmarketca. Bloomberg a report He claimed that over the past few months, the company has expanded to more countries and launched new products, in efforts to obtain an advantage before the announcement.
Meanwhile, the Crypto public party market is finally opened with other companies, including Circle, BITGO, Gemini and Bullish, taking into account the general subscriptions, as reported by Cryptopolitan.
Kraken was founded in 2011, KRKEN raised only about $ 27 million of basic capital, which is shockingly low compared to competitors, and the general offering will bring a lot of money and help the exchange at a higher level, Bloomberg said.
Meanwhile, Jesse Powell, the co -founder of Karkan, was publishing the headlines for other reasons. He was a major donor to Trump’s campaign, as he helped finance the return of the Republican Party to power. His contributions were a major factor in the friendly administration’s position towards encryption.
Cryptopolitan Academy: soon – a new way to earn a negative income with Defi in 2025. Learn more
