Gemini, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially filed for a U.S. initial public offering, as digital asset firms seize on renewed market momentum.

Gemini, a cryptocurrency exchange platform backed by the billionaire Winklevoss twins, has filed to go public on the heels of the frenzied debut by stablecoin issuer Circle Internet Group Inc.

Investor enthusiasm for crypto assets in the US has been rekindled by the election of President Donald Trump, who promised industry-friendly policies and a reversal of the crackdown under Joe Biden and former SEC chair Gary Gensler.