Positive U.S. Regulatory Environment More Conducive for Crypto Corporate Activity: JPMorgan
Expectations of a more benign regulatory environment in the U.S. is leading to an increase in the number of crypto companies looking to go public and an uplift in venture capital (VC) funding, investment bank JPMorgan (JPM) said in a research report Wednesday.
The GENIUS Act’s progress in the Senate has become a “key factor in anticipating a clearer and more supportive regulatory environment,” analysts led by Nikolaos Panigirtzoglou wrote.
“The anticipation of such a U.S. regulatory environment is conducive to crypto corporate activity such as IPOs and VC funding,” the authors wrote.
The Senate’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act mandates federal regulation for stablecoins with a market cap of…
