The post Crypto’s Kraken plans to go public in Q1 2026 appeared on BitcoinEthereumNews.com.

Kraken is finally making its move. The crypto exchange, officially known as Payward Inc., is planning to go public in the first quarter of 2026, according to a Bloomberg report on Friday following the White House’s crypto summit. After years of delays, mostly caused by regulatory crackdowns, the company is taking advantage of the friendlier climate under President Donald Trump. “We recently disclosed 2024 financial highlights to be more transparent about our business, which is something we started by being first to publish proof of reserves and we’re going to continue to prioritize going forward,” Kraken said in response to Bloomberg. “We’ll pursue public markets as it makes sense for our clients, our partners, and shareholders.” Regulators step back as Kraken moves forward Kraken has been eyeing an IPO for years, but U.S. regulators under Joe Biden slowed things down. The Securities and Exchange Commission (SEC) hit the company with lawsuits, claiming it operated as an unregistered securities exchange, broker, and dealer. In November 2023, the SEC sued Kraken again over its crypto staking services, calling them an illegal sale of securities. The company settled, paid $30 million, and shut down staking in the U.S. Now, things have shifted. On March 3, Kraken said the SEC has agreed to drop its lawsuit, with no admission of wrongdoing, no penalties, and no business changes. The SEC refused to comment, but this is part of a larger trend. In the last month, the agency has dropped or paused at least nine crypto cases, including lawsuits against Coinbase and Binance. The SEC’s sudden reversal started after the crypto-hating Gary Gensler shamefully stepped down as chairman in January. Trump had vowed to fire him and replace him with Paul Atkins, a former SEC commissioner with a pro-crypto stance. Mark Uyeda is handling the role…

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Filed under: News - @ March 8, 2025 6:26 am