According to JPMorgan analysts, increased regulatory clarity in the U.S. is fueling optimism among crypto companies. Consequently, these firms are today all the rage for IPOs and magnetizing VC. This makes for a real possibility that 2023 could see as many crypto IPOs as the previous bull market of 2021. This jump is due to the fact that investors are expecting more definitive regulatory frameworks. The GENIUS Act’s rapid advance in the Senate is adding to this excitement!

Per JPMorgan, firms are preparing their operations for a booming cryptocurrency economy. They agree that the potential for a more favorable regulatory climate is pushing this momentum forward. This counts both IPOs and venture capital funding. Investors are hungry for new IPOs to help diversify their crypto-heavy portfolios. Most importantly, they’re shifting their eyes beyond the Big Three—Bitcoin, Ether, and Tether.

"The anticipation of such a U.S. regulatory environment is conducive to crypto corporate activity such as IPOs and VC funding" - Nikolaos Panigirtzoglou

Nikolaos Panigirtzoglou leads JPMorgan analysts. Perhaps more surprisingly, they mentioned the GENIUS Act making headway in the Senate as the big news.

"key factor in anticipating a clearer and more supportive regulatory environment" - Nikolaos Panigirtzoglou

Bitcoin and Ether continue to be the biggest cryptocurrencies by market cap. IPOs provide investors not just larger institutions but retail as well with the opportunity to diversify their portfolio.