Gemini, the crypto firm founded by Cameron and Tyler Winklevoss, has confidentially filed for an IPO in the U.S. The filing follows the SEC’s decision to drop its investigation into Gemin,i and the company's $5 million settlement with the Commodity Futures Trading Commission.

The crypto exchange has been taking major steps to go public in the U.S., including hiring Goldman Sachs and Citigroup as its financial advisors for the IPO. Gemini had also settled a $5 million lawsuit by the Commodity Futures Trading Commission, while the SEC ended its investigation into the exchange earlier this year.

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