Crypto News

Cryptocurrency exchange Gemini has taken a major step toward going public after submitting a document to kick-start the initial public offering (IPO) process. According to a June 6 statement, the company has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC). While details such as the numberSource link

Korea's new President, Lee Jae-myung, has appointed the CEO of Hashed Research, Kim Yong-beom, to be the Chief Policy Officer of Korea's Presidential Office.Before leading Hashed Research, crypto fund Hashed's think tank, Kim was the Vice Minister of Economy and Finance during the Moon Jae-in administration.In a previous interview with CoinDesk, Simon Kim, the CEO of Hashed, stated that the Lee administration will be crypto-friendly and that local regulators are closely monitoring crypto policy developments in the U.S with an aim to emulate them.One of the first policy initiatives Kim Yong-beom might be working on is a Won-based stablecoin, which was identified by newly elected President Lee as a priority to "prevent national wealth from leaking overseas."Source link

Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company.The firm announced Friday that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), signaling its intent to pursue an initial public offering (IPO) of its Class A common stock.While specific details around the size and valuation of the offering remain undisclosed, the move positions Gemini among a growing list of crypto-native firms seeking a foothold in traditional capital markets. The crypto exchange has been taking major steps to go public in the U.S., including hiring Goldman Sachs and Citigroup as its financial advisors...

Gambaryan, who is leaving the crypto exchange to explore roles in the public or private sector, is among a number of Binance executives to depart over the past two years.Source link

The U.K. Financial Conduct Authority has proposed lifting a ban on offering crypto exchange-traded notes to retail traders. Normal Financial Promotion Rules to Apply The U.K. financial watchdog, the Financial Conduct Authority (FCA), has proposed lifting a ban on offering crypto exchange-traded notes (ETNs) to retail traders. If adopted, the proposal would allow pave theSource link