Animoca Brands plans to enter the U.S. stock market with a listing on the New York Stock Exchange, citing more favorable U.S. crypto regulations under Donald Trump's influence.
The company changed its U.S. listing plans due to positive regulatory changes in the U.S. regarding crypto, after facing stricter enforcement under the Biden administration.
Animoca Brands recorded increased revenue of $314 million, steady operations, and substantial digital asset holdings, solidifying its position in Web3, NFT, and blockchain gaming.
Trump's administration's supportive stance on crypto is encouraging firms like Animoca Brands to consider U.S. market entry, indicating a shift in market sentiment towards digital assets.