Gemini’s IPO Strategy: Can MAGA relationships transcend market reality?
Source: CoinWorld
Time: 2025-09-11 12:32:44
Brian Quintenz accused Tyler Winklevoss of trying to influence the U.S. Commodity Futures Trading Commission (CFTC) to give it preferential treatment as the Gemini exchange is about to raise $433 million. Gemini’s valuation is $3.1 billion, down from 2021, with trading volumes 25 times lower than Coinbase. The Venklevos brothers own 80% of the company and rely on family loans and political relations, but analysts stress that market fundamentals, not connections, are the factors that determine success.