币界网报道：JPMorgan reports that expectations of a more favorable U.S. regulatory environment, driven by progress on the Senate's GENIUS Act, are fueling increased crypto IPO activity and venture capital funding. The act proposes federal oversight for stablecoins exceeding $10 billion market cap while allowing state-level alignment. Analysts note this regulatory clarity is encouraging firms like Ripple, Kraken, ConsenSys, and Bullish (CoinDesk's owner) to prepare for public listings. VC investments in crypto have already surpassed 2023/24 levels annually. IPOs provide investors exposure beyond Bitcoin and Ethereum to blockchain infrastructure, payments, custody, and tokenization sectors. The current IPO pace matches 2021's bull market levels, signaling renewed market confidence.