According to BeInCrypto, Ark Invest, an asset management company led by Cathie Wood, said in its latest report that the Trump administration will bring favorable policies to the crypto industry, which may open an IPO window for companies such as Circle and Kraken. Ark Invest believes that Trump's election may promote reforms to the U.S. Securities and Exchange Commission (SEC) and ease the current regulatory pressure on digital assets. Circle submitted an application for listing earlier this year, but faced concerns from the SEC due to stablecoin risks, while Kraken was also preparing for an IPO and completed a $100 million financing in June.