Crypto company, Animoca Brands, prepares for a listing in New York, taking advantage of softening U.S. crypto regulations.

Crypto company, Animoca Brands, prepares for a listing in New York, taking advantage of softening U.S. crypto regulations.

Headline:* Animoca Brands Bets Big on NY Listing Amid Trump's Crypto-Friendly Regulation

Small Talk:Yo, check it out! Got some spicy news about Animoca Brands, a Hong Kong-based crypto guru! Them boys are planning to list it up in New York city, all thanks to Trump's chill crypto regulations.

The Scoop:

Animoca Brands, baby! Them's the fellas who say they're the world's largest non-financial crypto company. In 2024, they raked in $97 million from a total revenue of $314 million. With $300 mil in cold hard cash and stablecoins, plus another $538 million in digital assets, these guys ain't playin'.

Their exec chair, Yat Siu, spilled the beans to the Financial Times that they're evaluating various shareholding structures for a US listing. But hey, it ain't all about the stock market! Siu says it's more about timing and getting cozy in the world's biggest financial playground.

Ya see, Animoca was kicked off the Australian Securities Exchange in 2020 due to some governance concerns and confusion about their crypto holdings. But they've been building up an impressive portfolio since, with stakes in big names like OpenSea, Kraken, and Consensys.

Moving Forward:

Siu's got his eye on US-based Kraken potentially following in Animoca's footsteps and listing here in 2025 or 2026. Trump's got the crypto sector in his sights too, with pledges to support it and a rollback of enforcement activity against digital asset firms.

Ain't that a kick in the ass? The SEC's dropped or delayed over a dozen enforcement cases, and the Department of Justice disbanded its cryptocurrency enforcement unit. Heck yeah, Trump's more hands-off approach is lighting up the crypto industry.

And it ain't just Animoca. OKX's got plans to establish a US headquarters in San Jose, California, and Nexo wants back in the US market post 2022. The Trump era's letting 'em roll back in with open arms.

Insight:The Trump administration's approach to crypto regulation is all about a mix of deregulation, strategic investment, and a push for domestic innovation in the digital asset sector. Key developments include legislation on stablecoins and market structures, the establishment of a Strategic Bitcoin Reserve, and a repeal of DeFi regulations that treated them as brokers under U.S. tax laws. The future looks bright for crypto in the U.S. under this administration.

1. The listing of Animoca Brands in New York, a positive move for the company, is amid Trump's crypto-friendly regulation that is encouraging the development of the cryptocurrency finance business in the United States.
2. Animoca Brands, a significant player in the global cryptocurrency sector, is considering various shareholding structures for a US listing as part of its strategy to expand in the world's largest financial and technology market.
3. The Trump administration's approach to cryptocurrency regulation seeks to foster domestic innovation, with key developments such as legislation on stablecoins, the establishment of a Strategic Bitcoin Reserve, and a repeal of DeFi regulations, resulting in a promising future for the cryptocurrency, finance, business, and technology industries in the United States.

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