Animoca Brands Eyes U.S. IPO Amid Crypto-Friendly Shift Under Trump

Hong Kong-based blockchain gaming giant Animoca Brands is preparing for a public listing in the United States, citing a more favorable regulatory climate for digital assets under President Donald Trump. The company’s executive chairman, Yat Siu, told the Financial Times that an official announcement could come soon, as Animoca actively evaluates multiple shareholding structures to optimize its market entry. Unlike previous plans thwarted by regulatory uncertainty, Siu clarified that Animoca’s move is driven not by current market conditions, but by strategic positioning. “This is a unique moment in time,” he said, highlighting what he sees as a rare opportunity for crypto firms to enter the U.S. capital markets with fewer regulatory roadblocks. Animoca Background Animoca was previously delisted from the Australian Securities Exchange in 2020 over governance and crypto-related concerns. Since then, the company has established itself as a heavyweight in the Web3 space with investments in OpenSea, Kraken, and Consensys. It reported unaudited earnings of $97 million on $314 million in revenue for 2024, and currently holds $300 million in cash and stablecoins along with more than $538 million in digital assets. The renewed optimism comes on the heels of President Trump’s return to the White House, which has led to a significant rollback in federal enforcement actions against the crypto industry. Companies Expanding in the U.S. The Securities and Exchange Commission (SEC) has paused or dropped over a dozen enforcement cases, while the Department of Justice has dissolved its cryptocurrency enforcement unit. This softening approach stands in stark contrast to the more aggressive regulatory environment under former President Joe Biden. Siu emphasized how previous regulatory hostility deterred global blockchain companies from entering or expanding in the U.S. Now, however, he sees a reversal. “There’s renewed confidence,” he said, noting that portfolio companies like Kraken might also pursue U.S. listings by 2025 or 2026 . Other industry players are already acting on this sentiment. Crypto exchange OKX recently announced plans to establish a U.S. base in San Jose, just months after resolving a $504 million settlement with regulators. Similarly, Nexo—once driven out by unclear rules—has announced its return to the U.S. market after a nearly two-year hiatus. The post Animoca Brands Eyes U.S. IPO Amid Crypto-Friendly Shift Under Trump appeared first on TheCoinrise.com .

Source: The Coin Rise