Despite the recent SEC action against Coinbase, Circle and other crypto companies are still pursuing plans to go public. However, the current environment may pose challenges for most companies looking to do so. Circle's CEO had previously announced plans to become a public company through a merger with a SPAC, but the company did not complete SEC qualification in time. Nonetheless, going public remains a key part of Circle's strategy, as confirmed by a company spokesperson and a recent job posting seeking a corporate counsel to assist with potential SEC processes. Kraken has also hinted at its continued quest to go public in a recent job posting for a senior corporate and securities counsel.