Gemini announced its intention to go public in June 2025

Quotes that support claims

Simultaneously with the complaint, Gemini announced its intention to become a public company. It has indeed filed an application for an initial public offering (IPO) with the American Securities and Exchange Commission (SEC). This move not only opens up new opportunities for growth and capitalization but also strengthens Gemini’s position with regulators.

The complaint comes as Gemini pursues ambitious expansion plans, recently announcing plans to go public and reportedly nearing approval for a Malta license that would enable pan-European operations under new EU crypto regulations.