The expectations of a more benign regulatory environment in the US. They are leading to an increase in the number of cryptographic companies that seek to make public and an increase in the financing of risk capital (VC), the JPMorgan investment bank (JPM) said in a research report on Wednesday.
The progress of Genius law in the Senate has become a “key factor to anticipate a clearer regulatory environment and more support,” wrote analysts led by Nikolaos Panigirtzoglou.
“The anticipation of this regulatory environment of the USA.
The National Innovation Law for National Senate Innovation for the United States (Genius) demands the federal regulation of stables with a market capitalization of more than $ 10 billion with the state regulation potential if aligns with federal rules.
The stable are cryptocurrencies whose value is linked to another asset, such as the US dollar or gold. They play an important role in cryptocurrency markets and are also used to transfer money internationally.
The bank said that the encryption IPO number so far this year coincides with the rhythm of the offers observed in the 2021 upward market.
Press reports suggest that more cryptographic companies, including Ripple, Kraken, Consenys and Coindesk, Bullish owners are preparing for OPI this year, according to the report.
Risk capital financing is also increasing and has exceeded the levels observed in 2023/24, annualized, the bank said.
OPI provide cryptographic investors for a way to diversify their digital asset exposure beyond only Bitcoin
and Ether, the two largest cryptocurrencies for market capitalization. It means that they can take advantage of opportunities in areas such as blockchain infrastructure, payments and liquidation, custody and tokenization, the report added.
Read more: Flashbots veterans raise $ 20 million to address Crypto’s user experience with Onebalance
