A wave of crypto companies is going public in 2025, driven by pro-crypto regulations and a surge in crypto markets. These record-breaking initial public offerings (IPOs) are signaling the growing mainstream acceptance of digital assets, but also highlight risks associated with this new era in finance. Key drivers include pro-crypto policies under President Trump’s administration and significant growth in crypto market capitalization. Companies like Circle and Bullish, which have gone public recently, offer a glimpse into the future for investors seeking exposure to the growing crypto space. These IPOs bring transparency and stability that private crypto companies have lacked, attracting institutional investors who were hesitant to engage with this technology.