Crypto News: Animoca Brands Eye NYSE Listing Amid Donald Trump’s Crypto Push
Highlights
- Animoca Brands reportedly eyes a NYSE listing amid Trump’s supportive crypto stance
- Trump’s soft regulatory approach contrasts sharply with Biden’s crackdown
- The firm sees a “unique moment” for crypto listings in the U.S.
One of the most active crypto investors in Asia, Animoca Brands, is preparing for a US stock market listing. The move comes as Donald Trump’s return to power reshapes the regulatory climate for digital assets in the US. According to Animoca Executive Chair Yat Siu, Trump’s light-touch stance has created what he calls a “unique moment” to enter the world’s largest capital market.
Trump’s Pro-Crypto Shift Fuels Animoca Brands IPO Plans
Just a year ago, a US listing wasn’t even part of Animoca’s plans. Regulatory pressure under the Biden administration had driven many crypto companies out of the U.S., sparking hesitation among global firms. Siu noted that Trump’s pivot has shifted the playing field now.
The regulatory mood now gives overseas crypto giants like Animoca a clearer path to tap U.S. markets without facing heavy enforcement actions.
Animoca expects to announce the listing “soon”, Siu told the Financial Times. The team is currently reviewing various shareholding structures. Siu clarified that the listing timeline will not depend on market conditions but rather on structural readiness and internal planning.
Crypto Growth and Market Momentum
The company reported $314 million in revenue for the last fiscal year, up from $280 million. Earnings before tax and depreciation reached $97 million. It also holds nearly $300 million in cash and stablecoins, alongside $538 million in other digital assets. Its portfolio spans over 540 companies, including OpenSea, ConsenSys, and the US crypto exchange Kraken.
Animoca Brands was delisted from the Australian stock exchange in 2020 due to concerns around its crypto holdings. Since then, the firm has rebuilt its brand globally and emerged as a powerhouse in blockchain gaming, NFTs, and Web3 investments.
Trump’s election victory has already drawn other firms like Deribit to consider U.S. expansion. Siu sees this as a turning point, saying, “It would be one heck of a wasted opportunity if we didn’t at least try.” For Animoca, a U.S. listing under Trump’s crypto-friendly administration is more than just a growth play, it’s a signal of how far crypto has come.
Just last week, in an interview with Meet the Press, former U.S. President Donald Trump again showed his support for cryptocurrency. He talked about crypto’s stability, comparing it to the stock market during economic downturns as proof of its growing relevance and reliability.
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
