Dan Chen Joins Gemini as CFO, Signals New Growth Phase
Cryptocurrency exchange Gemini has appointed Dan Chen as its new Chief Financial Officer (CFO), a move that comes amid speculation about a potential initial public offering (IPO) and broader changes in the U.S. crypto regulatory landscape under the Trump administration.
Chen announced his appointment on March 18 via a post on X, expressing enthusiasm about the future of digital assets and Gemini’s role in shaping the industry.
“Crypto is the most dynamic sector in finance, and Gemini is at the forefront of this revolution—making it simple and secure to engage on the digital asset frontier,” Chen wrote.
I’m thrilled to announce that I’ve joined @Gemini as its Chief Financial Officer. I will be working alongside @cameron and @tyler and the incredible team at Gemini to unlock the next era of personal, financial, and creative freedom.
Crypto is the most dynamic sector in finance…
— Dan Chen (@danchen13) March 17, 2025
Before joining Gemini, Chen held leadership roles in financial services, most recently serving as Vice President of Capital Markets and Bank Partnerships at Affirm. He also has experience at MetLife Investments and Morgan Stanley, according to his LinkedIn profile.
Chen’s hiring follows reports from Bloomberg suggesting that Gemini is exploring an IPO, which could take place later this year.
“I’m looking forward to helping Gemini scale by driving financial strategy as the company enters its next phase of growth,” Chen added.
Winklevoss Twins Strengthen Relationship with Trump Administration
Gemini’s co-founders, Cameron and Tyler Winklevoss, recently attended a White House crypto summit hosted by President Donald Trump, reinforcing the exchange’s alignment with the new administration’s pro-crypto stance.
During the event, Cameron Winklevoss referenced past challenges under the Biden administration, which was widely viewed as hostile toward the crypto industry.
“We never thought we’d be attacked the way we were, despite trying to do the right thing for so many years and always raising the bar with respect to regulation. So, it’s truly wonderful to see how things have changed,” Winklevoss said, according to a transcript released by the White House.
The Trump administration has signaled a more favorable regulatory approach to crypto, a shift that is already impacting regulatory enforcement.
Regulatory Relief Under the New SEC Leadership
Gemini recently received positive news from the U.S. Securities and Exchange Commission (SEC), with the agency closing its investigation into the exchange without pursuing enforcement action.
This decision follows several dropped lawsuits and paused investigations under the SEC’s new leadership, reflecting a significant policy shift from the previous administration.
Additionally, Gemini Trust Company agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission (CFTC) over alleged misleading statements.
With these regulatory hurdles easing and a potential IPO on the horizon, Gemini appears to be positioning itself for expansion and increased market presence in the evolving crypto landscape.
