A more favorable regulatory outlook in the U.S. is prompting a wave of crypto companies to pursue public listings and attracting increased venture capital activity, according to a recent research note from JPMorgan (NYSE:JPM).
Analysts led by Nikolaos Panigirtzoglou pointed to the Senate’s progress on the GENIUS Act as a significant driver behind growing confidence in a pro-crypto framework, Coindesk reported.
Formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, the legislation proposes federal oversight for stablecoins with market capitalizations exceeding $10 billion.
The bill also allows state-level supervision where …