Silicon Valley investment mogul Peter Thiel's cryptocurrency company Bullish applies for an IPO in the United States.

According to reports from the media on Tuesday, Bullish, a cryptocurrency exchange supported by Silicon Valley investment tycoons and billionaires, has secretly filed for its initial public offering (IPO) with the U.S. Securities and Exchange Commission in recent weeks. As a division of the blockchain software company Block.one, Bullish had attempted to go public in 2021 through a deal with a special purpose acquisition company (SPAC), but the plan fell through in 2022 due to regulatory crackdowns and market turmoil caused by sudden interest rate hikes. Unlike the previous Biden administration, the Trump administration has taken a more lenient stance on cryptocurrency regulation and supports policies that focus on the industry. The U.S. Securities and Exchange Commission has also abandoned several reviews. The media reports that Bullish is trying to capitalize on the renewed interest in digital assets among investors under the current government leadership. This company's public filing comes shortly after the cryptocurrency exchange Gemini, operated by billionaire twins Tyler Winklevoss and Cameron Winklevoss, revealed last week that it had secretly filed for an IPO in the U.S. Bullish's website shows that the company is led by CEO Tom Farley, has over 275 employees, and has offices in the U.S., Hong Kong, China, Singapore, Gibraltar, and the Cayman Islands.