Grayscale, part of Barry Silbert's Digital Currency Group, is gearing up for a $33 billion IPO in 2025, potentially becoming the first major crypto asset management firm to go public. This move comes despite ongoing legal challenges related to the Genesis bankruptcy, including a $2 billion fraud settlement and lawsuits from creditors. These legal issues, coupled with regulatory scrutiny, pose significant obstacles to the IPO, which Silbert has touted as a means to broaden crypto access.