Hong Kong-based crypto investment firm Animoca Brands is set to go public in New York, according to the Financial Times. The company's co-founder Yat Siu highlighted the Trump administration's relaxed regulation of crypto assets as a key factor in the decision. Animoca, which was previously valued at nearly $6 billion, sees the move as a "unique opportunity" to tap into the world's largest capital market. The announcement comes as the crypto industry continues to grow and attract significant investment. Animoca's move to list in New York could signal a broader trend of crypto companies seeking to capitalize on the U.S. market's potential. The relaxed regulatory environment under the Trump administration has made the U.S. an attractive destination for crypto firms looking to go public. Animoca's decision to list in New York also reflects the growing importance of the U.S. market for crypto investments. The U.S. is home to many of the world's largest crypto exchanges and has seen significant growth in crypto-related investments in recent years. The move could also help Animoca attract more investors and increase its visibility in the U.S. market. While the Trump administration's relaxed regulation of crypto assets has made the U.S. an attractive destination for crypto firms, it remains to be seen how the incoming Biden administration will approach crypto regulation. The Biden administration has signaled a more cautious approach to crypto, but it remains to be seen how that will impact the industry in the long run. Overall, Animoca's decision to go public in New York is a significant development for the crypto industry. The move highlights the growing importance of the U.S. market and the potential for crypto firms to attract significant investment. However, the future regulatory environment under the Biden administration will be an important factor to watch in the coming months.
