Bullish, backed by renowned investor Peter Thiel, has submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC). This event takes place against a backdrop of positive trends in cryptocurrency markets and growing investor expectations.
Bullish’s IPO Process
The IPO application submitted by Bullish is viewed as a significant step in the company's growth strategy. This move could allow Bullish to operate more transparently within U.S. markets. Experts suggest that with substantial capital backing, Bullish could enhance its competitiveness by becoming a publicly traded company in the U.S. The SEC is expected to review the application based on various financial and operational criteria.
Impact of the GENIUS Act
The GENIUS Act, signed by President Donald Trump, has raised expectations within the crypto sector. This legislation includes regulations aimed at broadening the regulation of crypto assets and clarifying the activities of market participants. The act seeks to create a safer and more transparent environment for stablecoin issuers. Following the enactment of the GENIUS Act, a positive atmosphere has emerged in the market.
> Donald Trump: “With the GENIUS Act, we are protecting our investors and enhancing market transparency.”
Details on XRP Coin
Bullish’s IPO application will introduce another cryptocurrency-focused stock to U.S. markets. If this momentum continues, a separate crypto segment may emerge alongside crypto reserve companies. The rapid growth of Coinbase following its IPO fuels post-IPO hopes for Bullish. Notably, Bullish specializes in RLUSD pairs, meaning the IPO could also increase interest in RLUSD and indirectly support XRP Coin.
Bullish’s IPO application, supported by Peter Thiel, is regarded as a significant indicator of the sector's current status and potential future. Combined with new regulations introduced in the U.S., this development may contribute to crypto exchanges becoming stronger and more transparent structures in financial markets.
