Crypto trade Gemini has appointed Dan Chen as its new Chief Monetary Officer (CFO), amid hypothesis that the corporate is making ready for a possible preliminary public providing (IPO).
Chen introduced his new position on Monday in a put up on X, calling crypto probably the most dynamic sector in finance.
“Gemini is on the forefront of this revolution — making it easy and safe to have interaction on the digital asset frontier,” he wrote.
Earlier than becoming a member of Gemini, Chen spent over two years at fintech Affirm, the place he served as VP of capital markets and financial institution partnerships, serving to safe over $20b in funding entry. His expertise in monetary technique and capital markets suggests Gemini could also be positioning itself for a serious progress part—doubtlessly via public itemizing.
I’m thrilled to announce that I’ve joined @Gemini as its Chief Monetary Officer. I will probably be working alongside @cameron and @tyler and the unimaginable group at Gemini to unlock the following period of private, monetary, and inventive freedom.
Crypto is probably the most dynamic sector in finance…— Dan Chen (@danchen13) March 17, 2025
Gemini Revives IPO Talks as Market Circumstances Enhance
The CFO appointment comes amid studies that Gemini has reopened discussions about an IPO, with Bloomberg reporting final month that the corporate is in early talks with potential advisors.
Gemini initially thought of going public in 2021, however the plan by no means materialized. Nevertheless, with crypto markets rebounding and regulatory pressures shifting, the timing could now be extra favorable for a public itemizing.
Winklevoss Brothers Again Trump, Blast Biden’s Crypto Insurance policies
Past its enterprise strikes, Gemini’s founders, Cameron and Tyler Winklevoss, have develop into more and more vocal in crypto-related politics. Final 12 months, each twins donated $1m every to Donald Trump’s election marketing campaign, with Cameron publicly endorsing Trump’s pro-Bitcoin, pro-crypto, and pro-business stance.
In the meantime, Tyler Winklevoss sharply criticized the Biden administration, accusing it of waging a “battle towards crypto” via authorized and regulatory crackdowns. He claimed that a number of authorities businesses have been weaponized to harass and litigate towards respectable crypto corporations.
Taking their stance a step additional, Gemini not too long ago introduced that it’ll not rent graduates from the Massachusetts Institute of Expertise (MIT) except the college removes former SEC Chair Gary Gensler from his college place.
Gensler, identified for his aggressive regulatory actions towards crypto companies, beforehand led the SEC’s lawsuit towards Gemini over its now-defunct Earn program. Nevertheless, final month, the company dropped its case with none prices—a transfer that some see as a shift in regulatory attitudes.
Gemini Customers Focused in Newest Phishing Rip-off
Whereas Gemini focuses on progress, it’s also coping with safety threats. Over the weekend, Gemini customers had been hit with a phishing rip-off, receiving emails that falsely claimed to be from the trade. The messages urged customers to maneuver their crypto holdings to self-hosted wallets, citing a nonexistent court docket ruling as justification.
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