Wall Street banks are suddenly all about the crypto, trying to land those sweet, sweet IPO deals as Trump works his magic to turn the U.S. into the crypto capital of the world. 🌍✨
Big banks, always on the lookout for new ways to pad their already bulging wallets, are diving headfirst into the crypto pool. According to Bloomberg, Morgan Stanley is now actively seeking crypto clients, while Bank of America is considering more deals, and Royal Bank of Canada is eager to expand its crypto portfolio. It’s like a crypto gold rush, but with fewer pickaxes and more PowerPoint presentations. 🏦📊
The excitement is palpable as exchanges like Gemini and Bullish ponder going public. Kraken and stablecoin issuer Circle have also toyed with the idea of public listings before. It’s like a crypto version of “Who Wants to Be a Millionaire?” but with actual millionaires. 🎤💰
Banks are salivating over these deals as the Donald Trump administration hints at loosening regulations to make the U.S. a crypto leader. At the Bitcoin 2024 Conference, Trump promised, if elected, to make the United States the “crypto capital of the planet.” It’s like he’s trying to turn the country into a giant, digital piggy bank. 🐷💸
Bullish once planned to go public in a $9 billion SPAC deal with Far Peak Acquisition. However, in 2022, the exchange dropped the idea. Former CEO Brendan Blumer said the deal was called off because the process was taking “longer than expected.” It’s like waiting for a pizza that never arrives, but with more paperwork. 📝🍕 Bank of America is also prepping for more crypto deals, though the specifics remain as clear as mud. 🏦🤔
Meanwhile, Swedish fintech giant Klarna is making a big push into crypto ahead of its April IPO. As crypto.news reported, Klarna CEO Sebastian Siemiatkowski shared plans on X to add crypto to the platform. With a potential $15 billion valuation, Klarna’s IPO could be one of the biggest this year. It’s like a crypto unicorn about to gallop into the public market. 🦄🚀
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2025-02-11 10:00