Crypto IPO Momentum Hit by Trump’s China Tariff Threats
Markets were in disarray on Friday after Trump threatened to impose additional tarrifs. Credit: Scott Heins/Getty Images. Key Takeaways Circle, Figure, and Gemini have joined Coinbase on U.S. stock exchanges in 2025. The spell of IPO optimism was struck down on Friday when Trump threatened to impose new tariffs on Chinese imports. For listed crypto firms, the broader market downturn was compounded by a partisan clash over DeFi regulation. It has been a strong year for crypto IPOs. Circle, Figure, ...