Gemini launched its IPO with a valuation of $4.4 billion, achieving a 22.6% rise during its debut on Nasdaq, while Figure, a crypto lender, debuted with a $5.3 billion valuation and a share price currently around $33.46. Both companies illustrate the growing trend of tokenization on Wall Street, with Nasdaq considering allowing tokenized stock trading and BlackRock exploring ETF tokenization. Meanwhile, Coinbase accused the SEC of destroying documents related to Gary Gensler, claiming it has proof from the SEC's Inspector General regarding the destruction of nearly one year’s worth of texts. These developments underscore the regulatory challenges and opportunities within the crypto industry as it integrates further into traditional finance.

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