A number of top Wall Street banks are optimistic about the development prospects of the crypto industry during Trump's potential term, and are actively adjusting their strategic layout of cryptocurrency businesses. Morgan Stanley is courting potential IPO clients, Bank of America executives are discussing advancing digital asset company transactions, and Royal Bank of Canada plans to expand its business scope after completing its first crypto business. At present, a number of crypto companies such as Gemini, Bullish, Circle and Kraken are considering IPOs in 2025. Jefferies and JPMorgan Chase are advising on the potential listing of Bullish, and Moelis & Co. and Cantor Fitzgerald are also active in the field. Analysts believe that Trump's supportive attitude towards the crypto industry could trigger a new round of IPOs, stock sales and convertible bond issuance.