{"id":97089,"date":"2026-05-14T11:29:54","date_gmt":"2026-05-14T08:29:54","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=97089"},"modified":"2026-05-14T11:53:10","modified_gmt":"2026-05-14T08:53:10","slug":"metamask-developer-delays-ipo-until-autumn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/metamask-developer-delays-ipo-until-autumn\/","title":{"rendered":"MetaMask Developer Delays IPO Until Autumn"},"content":{"rendered":"

The developer of the non-custodial wallet MetaMask<\/a>, ConsenSys, has postponed its plans to go public in the US. According to CoinDesk<\/a>, the listing will not occur before autumn.<\/p>\n

Initially, Joseph Lubin’s company planned<\/a> to file with the SEC<\/span> by the end of February, engaging bankers from JPMorgan and Goldman Sachs for the process.<\/p>\n

The delay is attributed to unfavourable market conditions. In February, the crypto market declined due to macroeconomic uncertainty and outflows from bitcoin ETFs<\/a>, as investors showed reduced interest in risky assets.<\/p>\n

ConsenSys is not the only company reconsidering its plans amid volatility: earlier, the trading platform Kraken<\/a> and wallet manufacturer Ledger<\/a> also announced a pause in their IPO preparations.<\/p>\n

Currently, the only major crypto company to go public this year remains BitGo<\/a>. However, after a successful start, the service’s shares fell 46.9% below the offering price.<\/p>\n

\"Screenshot
Source: Google Finance<\/a>.<\/figcaption><\/figure>\n

In the first quarter, BitGo’s revenue reached<\/a> $3.8 billion, a 112.6% increase over the same period last year. The growth was driven by digital asset sales and stablecoin issuance services. The company also launched a derivatives trading service, with platform trading volumes reaching approximately $3 billion.<\/p>\n

Despite revenue growth, the firm’s net loss increased to $60.7 million from $25.7 million a year earlier. BitGo attributed the losses to a paper revaluation of bitcoin holdings and employee compensation expenses post-IPO.<\/p>\n

Cryptocurrency Regulation<\/h2>\n

ConsenSys’ Director of Regulatory Affairs, Bill Hughes, urged the US Senate to expedite the passage of the CLARITY Act<\/a>. He stated that the lack of clear rules forces American crypto businesses offshore.<\/p>\n

\n

\ud83d\udea8America Is Handing the Crypto Market to Foreign Competitors. The CLARITY Act Would Change That.\ud83d\udea8<\/p>\n

The United States is the largest cryptocurrency market on the planet. American users moved over $1 trillion in crypto transactions in the first seven months of 2025 alone. And yet\u2026<\/p>\n

\u2014 Bill Hughes \ud83e\udd8a (@BillHughesDC) May 8, 2026<\/a><\/p><\/blockquote>\n