Trump Crypto Push Triggers IPO Boom

[umair]

The U.S. crypto sector is experiencing a major revival, and Wall Street is taking notice. Thanks to pro-crypto sentiment from President Trump’s administration, digital asset firms are rushing to go public at a pace not seen in years. The total global crypto market cap recently hit a record $4.2 trillion, setting the stage for a new wave of IPO activity.

One of the most high-profile debuts so far is Bullish, a Peter Thiel-backed exchange that raised $1.1 billion in its IPO. Circle, the company behind USDC, also saw massive gains after listing on the NYSE—its stock skyrocketed from $31 at IPO to around $153, bringing its valuation close to $35 billion. The market response shows that investors are eager to back crypto firms now that regulatory uncertainty is beginning to clear up.

A key catalyst behind this surge is the recent passage of the "Genius Act," a federal law aimed at providing clearer rules for stablecoins. This move has been praised by both institutional investors and crypto companies as a major step toward legitimacy and long-term growth.

Beyond crypto, the broader IPO market is also heating up. Over 200 companies have gone public in 2025 so far, raising close to $40 billion. But it's the crypto sector that’s clearly leading the charge. Major players like BitGo, Grayscale, Kraken, and Gemini are rumored to be preparing for listings, either via traditional IPOs or SPACs.

While excitement is high, analysts caution that crypto markets remain volatile, and sentiment can shift fast. Still, with supportive policy, strong demand, and high-profile successes, this could be the breakout year for crypto on Wall Street. Whether it lasts or not, we’re clearly in a new era of crypto-finance convergence.