June 10 (Reuters) - Peter Thiel-backed crypto exchange

Bullish has confidentially filed for an IPO with the U.S.

Securities and Exchange Commission in recent weeks, the

Financial Times reported on Tuesday.

A unit of blockchain software company Block.one, Bullish had

attempted to go public through a special purpose acquisition

company deal in 2021 but that fell through in 2022 amid a

regulatory crackdown and a sudden rise in interest rates that

rattled the equities market.

The Trump administration, in contrast to predecessor Joe

Biden's, has taken a softer stance on crypto regulation and

backed the industry's policy priorities, with the SEC dropping

several investigations.

Bullish is seeking to capitalise on renewed investor

interest in digital assets under the current administration, the

FT said.

Bullish did not immediately respond to a Reuters request for

comment. Reuters could not immediately verify the FT report.

The company's reported filing follows that of Gemini's, a

crypto exchange run by billionaire twins Tyler and Cameron

Winklevoss, which last week disclosed it had confidentially

filed for a U.S. initial public offering.