Against the backdrop of new policies in the Crypto Assets industry, Bullish has submitted its IPO application to the SEC, hoping to be listed on the New York Stock Exchange under the ticker "BLSH". This marks the official debut of the first Crypto Assets company seeking to go public after Trump signed the stablecoin legislation.

Bullish was established in 2021, backed by the blockchain company Block.one and prominent investors including Peter Thiel. The company considered going public through a Special Purpose Acquisition Company (SPAC) but ultimately chose the traditional IPO route. This IPO is underwritten by JPMorgan, Jefferies Financial Group, and Citigroup.

Bullish's business primarily focuses on the operation of cryptocurrency exchanges, and in 2023, it acquired a data and media company to expand its influence in the industry. The company's CEO, Tom Farley, emphasized in a letter to investors that the choice to go public at this time is based on confidence in the upcoming new round of growth in the digital asset industry. He specifically pointed out that the company places a high value on transparency and compliance in its operations, which aligns closely with the requirements of the public capital markets.

As the regulatory environment of the Crypto Assets industry gradually becomes clearer, Bullish's listing plan has attracted market attention. Analysts believe this may open new avenues for other Crypto Assets companies to enter the traditional financial market, while also providing investors with more opportunities to participate in this emerging industry.

However, given the volatility of the Crypto Assets market and the ongoing evolution of the regulatory environment, Bullish's listing process still faces many challenges. Investors and industry observers will closely monitor the progress of this IPO and its potential far-reaching impact on the entire Crypto Assets ecosystem.