Gemini appointed new CFO as crypto exchange reportedly eyes IPO

Gemini is bringing on a new chief financial officer to its ranks as the crypto exchange is expected to take on changes under the new Trump administration. 

Newly appointed CFO Dan Chen announced the news on Monday in a post on X. 

"Crypto is the most dynamic sector in finance and Gemini is at the forefront of this revolution — making it simple and secure to engage on the digital asset frontier," Chen said in the post . 

Chen was previously vice president of financial services company Affirm's capital markets and bank partnership teams. He also held positions at MetLife Investments and Morgan Stanley, according to his LinkedIn profile. 

Chen's arrival follows  Bloomberg reports  that Gemini is considering an initial public offering, which could happen sometime this year. 

"I’m looking forward to helping Gemini scale by driving financial strategy as the company enters its next phase of growth," Chen said. 

Gemini co-founders — Cameron and Tyler Winklevoss — recently attended a President Trump-hosted crypto summit at the White House this month, where Cameron Winklevoss alluded to the previous Biden administration that was viewed as less friendly toward crypto. 

"... We never thought that we’d be — get attacked the way we did in our backyard after trying to do the right thing for so many years and always trying to raise the bar with respect to regulation," according to a transcript released by The White House. "So, it’s truly wonderful to see how things have changed and how the pendulum has swung back in the way that it has."

Last month, Cameron Winklevoss said that the U.S. Securities and Exchange Commission had closed its investigation into Gemini and would not be pursuing enforcement action. The move follows several other dropped lawsuits and paused investigations by the agency following new leadership at the SEC under the new Trump administration. 

The Gemini Trust Company also previously agreed to pay $5 million to end a case brought by the U.S. Commodity Futures Trading Commission over misleading statements.