PANews reported on June 13 that according to CoinDesk, JPMorgan Chase released a report saying that due to the advancement of the GENIUS Act, the US crypto regulatory environment is expected to continue to improve, which is prompting more crypto companies to seek IPOs. So far this year, the number of crypto company IPOs has matched the bull market level in 2021, including Ripple, Kraken, ConsenSys and Bullish, which are all preparing to go public. The report also pointed out that venture capital activity is also higher than the same period in 2023/24, indicating a recovery in market confidence.